3505 Pelican Way
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 |
|---|---|---|---|
| Dec 5, 2023 | Sold | ||
| Sold | |||
| Oct 4, 2023 | Listed by ListWithFreedom.com | $311,866 | |
| Listed by ListWithFreedom.com | |||
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Bayfront lot with water access to Turtle Bay in gated community. Amenities include pool, clubhouse, tennis courts. Concrete paved and guttered streets. Lots are allowed to have their own pier on bay to store your boat and allow easy access to water (per Army Corps of Engineers). HOA dues include lot maintenance until home is built and onsite boat and RV storage. City of Palacios water/sewer available.
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| Oct 4, 2023 | Sold | ||
| Sold | |||
| Jul 25, 2023 | Listed by Realty USA | $169,900 | |
| Listed by Realty USA | |||
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With a little over an hour drive from Houston, this WATERFRONT lot is ready for you to build your dream home and/or a second home just to get away, relax and enjoy the amazing sunset view. In a CUL-DEL-SAC and not to mention it's steps from the Lighthouse Park and fishing pier. This GATED community offers many recreational facilities including a clubhouse, pool, tennis courts, community fishing piers, boat/RV storage, basketball court, playground, biking, RV/ boat storage, and golf cart friendly. Fully paved roads and all utilities available. No timed restrictions on when you need to build so you can buy now and build later with ease. If you love to be by the water and enjoy your evenings listening to the waves, tranquility outside of busy and congested cities, come see this beautiful bayside view and everything the community has to offer, you won't be disappointed!!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017