5298 Colt Drive
About This Property
Whether your vision includes a custom-built home, a charming country retreat, or a mini homestead, this property gives you a blank canvas to bring those ideas to life. With the acreage already cleared, you can skip much of the initial land-clearing process and start envisioning your future homesite, outdoor living spaces, gardens, or room for your recreational toys. Enjoy the peaceful feel of country living while still being conveniently located in the Crestview area.
An important detail: This approximately 2-acre parcel is being divided from an existing 10-acre property, and the sale is contingent upon approval and completion of the lot split through the appropriate county authorities. Final acreage, property boundaries, legal description, and parcel details will be established once the split is complete. Buyers should verify their intended use, zoning, utilities, setbacks, easements, and building requirements with the appropriate authorities.
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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 21, 2026 | Listed by Coldwell Banker Realty | $40,000 | |
| Listed by Coldwell Banker Realty | |||
| Jan 15, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017