5227 Skyline Drive
About This Property
Designed with comfort in mind, the spacious floor plan features a split primary suite for added privacy, while the two secondary bedrooms provide ample room for family, guests, or a home office. Recent updates include a new bath tub, new flooring on bathrooms and new carpet, making this home move-in ready. The windows fill the home with natural light, creating a warm and inviting atmosphere, while the covered deck is the perfect spot to unwind. Experience the best of Lake Palestine living, where every day feels like a getaway. Spend your time fishing, boating, kayaking, birdwatching, or simply enjoying peaceful morning walks surrounded by nature. Create lasting memories with family and friends in a community that offers both relaxation and recreation. Don't miss the opportunity to make this home your own! Call to schedule a showing today!.
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Cap Rate Calculator
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 4, 2026 | Sold | ||
| Sold | |||
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | Listed by Century 21 First Group | $89,900 | |
| Listed by Century 21 First Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017