419 Reed Lane
About This Property
The lot is cleared, level, and ready for construction, making it an excellent opportunity for homeowners, builders, or investors looking for a smooth start. Enjoy the charm of an established community while still being close to local amenities, schools, and everyday essentials.
Whether you're planning your forever home or a smart investment build, this property delivers the space, setting, and potential you've been searching for.
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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 |
|---|---|---|---|
| Apr 17, 2026 | Listed by Double J Real Estate | $50,000 | |
| Listed by Double J Real Estate | |||
| Feb 19, 2024 | No longer available | - | |
| No longer available | |||
| Jan 12, 2024 | Price Decreased |
$31,950
↓ $3K
(7.4%) | |
| Price Decreased | |||
| Dec 17, 2023 | Price Decreased |
$34,500
↓ $3K
(6.8%) | |
| Price Decreased | |||
| Nov 7, 2023 | Listed by Keller Williams Realty Southwest | $37,000 | |
| Listed by Keller Williams Realty Southwest | |||
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PRICED TO SELL!!!!!! Nice, cleared lot on .2528 acres in the city of Wharton. City water and sewer available. Close to business and restaurants. Great spot to build a home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017