400 Driftwood 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 |
|---|---|---|---|
| Oct 1, 2026 | Listed by Compass RE Texas, LLC - The Heights | $175,000 | |
| Listed by Compass RE Texas, LLC - The Heights | |||
| Jul 2, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 17, 2026 | Listed by Compass RE Texas, LLC - The Heights | $232,500 | |
| Listed by Compass RE Texas, LLC - The Heights | |||
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Tremendous opportunity to own .82 acres (2 lots) of waterfront property on spring-fed, stocked Londa Lynn Lake in Holiday Lake Estates. Fish, kayak, or enjoy sunsets from your pontoon boat while surrounded by beautiful mature trees. Ideal setting to build your dream lake home in the center of this peaceful wooded property. An additional adjacent lot is available, allowing for approximately 1.2 total acres. Iron fencing along the street is guide for all three lots. A charming camp house with double carport offers a place to stay while building. Inside features a spacious living/kitchen combo with cathedral beamed ceiling and large windows overlooking the lake. Enjoy the sizable deck and metal roof. Small pier (blue kayak in photos). Bulkheading includes concrete, wood, and natural shoreline across the three lots. Holiday Lake Estates amenities include community pool, clubhouse, and grocery store at the neighborhood entrance. Additional community information available on the HLE website.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017