3101 Clark Ave
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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 |
|---|---|---|---|
| May 28, 2024 | In contract | - | |
| In contract | |||
| Jun 22, 2023 | Listed by Keller Williams Realty C. P. | $49,000 | |
| Listed by Keller Williams Realty C. P. | |||
| Jun 9, 2023 | No longer available | - | |
| No longer available | |||
| Jan 26, 2023 | Listed by Keller Williams - Lake Travis | $79,900 | |
| Listed by Keller Williams - Lake Travis | |||
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This lot is in the Highland Lakes area of Lago Vista, an area with underground utilities. It is almost a corner lot and one that is relatively easy to build on. There is a house being built at 3202 Clark, across the street, and one is being framed next door. Therefore, utilities should be at a reasonable cost to bring water and sewer to this lot. This lot is not in either the 100 or 500-year flood plains. Many of Lago Vista lots are an average of 80' x 100' and this one is larger 93' x 121' giving you additional building options. In addition, there are many, many trees on this lot with some being majestic live oaks. Lago Vista has picturesque views and is a prosperous community on the North Shore of Lake Travis with year-round boating, golfing, fishing and kayaking in the area. This property also gives you access to all the amenities of the Lago Vista Property Owners Association -- waterfront parks, fishing well, access to the lake, boat ramps, pool, tennis courts, marina, campgrounds, disc golf course and more! The closest parks, Cody and Hancock, are just a short distance away. Come live like you are on vacation!
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About Lago Vista
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017