514 Cellars Court
About This Property
Inside, the home feels easy and comfortable. The layout just makes sense, and the two-car garage has the space you need for vehicles plus the extras that come with living so close to the water. And that's one of the best parts: Lake Ray Hubbard is only minutes away. Early-morning fishing, sunset paddles, boat days, or peaceful shoreline walks-it's all right there whenever you want it.
Tall, mature trees wrap the property, giving it shade, privacy, and that feeling of coming home before you even step inside. If you're looking for a place that supports an active, outdoor lifestyle instead of working against it, this one delivers exactly that.
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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 5, 2026 | Sold | ||
| Sold | |||
| Jan 20, 2026 | In contract | - | |
| In contract | |||
| Dec 26, 2025 | Price Decreased |
$409,999
↓ $9K
(2.2%) | |
| Price Decreased | |||
| Nov 24, 2025 | Listed by Fathom Realty LLC | $419,000 | |
| Listed by Fathom Realty LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017