509 Baker Street
About This Property
Located 2.8 miles from Proctor Lake, live near the lake without paying lake house prices. This 2 bed, 1 bath home sits on just over an acre of land and offers enough room for pets, kids, or extra parking for your RV, camper, or boat. Has 20-25 pecan trees on the property that produce three different types of pecans! Has three outbuildings with electricity that provide lots of storage. There is also a well for yard purposes. The home has central heat and air, covered porch, rampway entry, and separate laundry room. This property has so much potential, with some TLC, you could easily make it your own!
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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 |
|---|---|---|---|
| Aug 29, 2022 | Sold | ||
| Sold | |||
| Jul 27, 2022 | Listed by Ebby Halliday Realtors | $145,000 | |
| Listed by Ebby Halliday Realtors | |||
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20126903
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017