5 Waterfall Dr
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 9, 2024 | Sold | ||
| Sold | |||
| Aug 21, 2024 | In contract | - | |
| In contract | |||
| Aug 3, 2024 | Listed by Cohn & Company | $55,000 | |
| Listed by Cohn & Company | |||
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Don’t miss out on the best deal in Mohawk Estates! This prime property at 5 Waterfall Drive is ideally situated just steps from Papoose Lake. The lot is fully equipped with electricity and internet and includes two RVs in excellent condition, with one featuring newly installed floors.Enjoy your own slice of paradise surrounded by a babbling brook that flows into Papoose Lake and provides easy access to the beach. As part of the exclusive Mohawk Estates community, you'll have full access to the lake, beach, and the community pavilion, where family-friendly events are held throughout the year.Additionally, lots 1 and 3 Waterfall Drive are included in the sale, offering even more opportunities. Contact us today to learn more about this incredible opportunity!
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| Oct 1, 1990 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017