510 County Road 221
About This Property
The remodeled home provides a comfortable place to settle in while the surrounding property leaves plenty of room to make it your own. A metal building, covered parking, additional storage, and outdoor living space add versatility for lake gear, equipment, hobbies, or recreational use.
Enjoy quiet mornings by the water, wide-open space, and the laid-back lifestyle Lake Buchanan is known for. Whether envisioned as a full-time residence, weekend retreat, recreational getaway, or a place to build on for the future, this is a unique chance to own a sizable piece of waterfront property in the Highland Lakes.
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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 |
|---|---|---|---|
| Sep 5, 2026 | Listed by eXp Realty, LLC | $630,000 | |
| Listed by eXp Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017