515 Bay Hill Drive
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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 |
|---|---|---|---|
| Jul 9, 2020 | Sold | ||
| Sold | |||
| Feb 27, 2020 | Listed by eXp Realty, LLC | $230,000 | |
| Listed by eXp Realty, LLC | |||
| Oct 16, 2019 | Sold | ||
| Sold | |||
| Sep 5, 2018 | Listed by Coldwell Banker Residential | $140,000 | |
| Listed by Coldwell Banker Residential | |||
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Big time elevated water view on the main body of Possum Kingdom Lake. Gently sloping lot with some trees. This lot has panoramic views down the main lake & across to the Possum Kingdom Dam. Builder friendly with several build options available, easy lot preparation for a single level residence or a multi level home. Located in Phase I of the Cliffs Resort. This is where you want to be. Some homes already in the area, quiet & peaceful & across the road from the Cliffs Championship Golf Course. The green belt area behind the lot will not be developed. Concrete curbs & guttering in place. The northerly facing orientation of the lot allows your home to be positioned to avoid the harsh afternoon sun in the summer
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017