3096 Renee Drive
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 5, 2026 | Sold | ||
| Sold | |||
| Jan 15, 2026 | Price Decreased |
$423,000
↓ $2K
(0.5%) | |
| Price Decreased | |||
| Dec 18, 2025 | Listed by Keller Williams Realty-Tyler | $425,000 | |
| Listed by Keller Williams Realty-Tyler | |||
| | |||
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Don't miss your chance to enjoy relaxed lake living at this thoughtfully updated two-bedroom, one-bath waterfront cottage set on a full acre with mature trees and an impressive 162 feet of shoreline on Lake Palestine. The property includes its own sandy beach and open water views. Inside, you’ll find a vaulted ceiling, luxury vinyl plank flooring, and a wall of French doors providing stunning lake views. The living room opens seamlessly into the kitchen. Two comfortable bedrooms share an updated bathroom, while the utility closet includes a stackable washer and dryer. Step outside to the covered deck with updated railing and stairs, creating a comfortable space for outdoor living and enjoying the lake setting. The spacious, fenced yard offers room to spread out, and both the home and detached 20x30 metal shop sit on Lots 2 and 3, which are serviced by a lake-fed sprinkler system. The shop features a 12-foot electric door with remote access, ideal for storing trailers or lake toys, along with additional storage beneath the deck. For lake enthusiasts, the property includes two boathouses - one with an electric boat lift and another with a jet ski lift - plus covered and open decking for relaxing, fishing, or enjoying time on the water. Whether you’re looking for a weekend retreat or a full-time lake residence, this property offers a great combination of updates, outdoor space, and waterfront access.
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| Aug 11, 2025 | Sold | ||
| Sold | |||
| Jul 29, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017