5401 Lake Highlands Drive
About This Property
Additional amenities consist of an alarm system, separate office or mother-in-law suite with a full bath, a rear primary bedroom featuring a large walk-in closet, and two guest rooms served by a bathroom with dual vanities.
The .47-acre lot includes a rear entry garage with electric gate, extra parking suitable for a boat or camper, storage shed, sprinkler system and a powered 12 x 16 workshop with air conditioning.
The seller is offering a $10,600 foundation allowance at closing with an acceptable offer. A Waco Foundation bid is on file, accompanied by a lifetime warranty on all work performed.
This home is being sold as is with a foundation allowance.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Sep 7, 2025 | In contract | - | |
| In contract | |||
| Sep 3, 2025 | Listed by Burns Real Estate Services | $329,000 | |
| Listed by Burns Real Estate Services | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017