10
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5151 DREXEL ROAD
About This Property
Enjoy the freedom of NO HOA and NO CDD, along with paved road frontage and existing well, septic, and electrical infrastructure already on the property. Whether you're considering a custom homesite or exploring a land investment, this property offers a beautiful natural setting and an opportunity to bring your vision to life.
Bring your builder, walk the property, and imagine the possibilities! Buyer to verify zoning, permitted uses, buildability, utilities, and any development or demolition requirements.
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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 |
|---|---|---|---|
| Nov 5, 2026 | Price Decreased |
$230,000
↓ $119K
(34.1%) | |
| Price Decreased | |||
| Aug 20, 2026 | Listed by HOME GIRLS & GUYS REALTY | $349,000 | |
| Listed by HOME GIRLS & GUYS REALTY | |||
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About Land O' Lakes
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,150 /mo
- 3 Beds
- 2 Baths
- 1,634 ft²
$3,300 /mo
- 5 Beds
- 4 Baths
- 3,041 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017