428 Delle Drive
About This Property
Nestled among the towering trees, this prime parcel of land offers the perfect opportunity to create your dream mountain retreat-whether as a full-time residence or a relaxing vacation escape.
Located in a highly desirable neighborhood known for its charm and community spirit, this property is just minutes from town and the newly remodeled supermarket, making daily errands a breeze. Families will appreciate access to a wonderful school district, and the area comes alive year-round with local events and seasonal fun.
Outdoor enthusiasts will love being close to Lake Gregory, where you can enjoy fishing, hiking, boat rentals, kayaking, paddle-boarding, and more. With nature right at your doorstep and modern conveniences within reach, this is mountain living at its finest.
Don't miss this chance to own a slice of Crestline paradise-build your future in the forest today!
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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 |
|---|---|---|---|
| Mar 19, 2026 | In contract | - | |
| In contract | |||
| Jan 6, 2026 | Price Decreased |
$39,000
↓ $11K
(22%) | |
| Price Decreased | |||
| Oct 10, 2025 | Listed by Circle Real Estate | $50,000 | |
| Listed by Circle Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017