5514 Mainsail Way
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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 |
|---|---|---|---|
| Jun 10, 2026 | Sold | ||
| Sold | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| Apr 18, 2026 | Listed by Sheila Davis Group | $320,000 | |
| Listed by Sheila Davis Group | |||
| Jun 20, 2025 | Listed | $320,000 | |
| Listed | |||
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Discover the perfect canvas for your dream home in one of Lake Lanier's most desirable communities-Pointe South - a neighborhood of homes ranging from 1-4 Million. This spectacular .80-acre private lot is one of the last remaining opportunities to build in this prestigious lakeside neighborhood, located on one of the most sought-after streets on the lake. Positioned between 5510 and 5518 Mainsail Way, Lot 18 offers seasonal lake views (possibly more once the lot is cleared for building) a peaceful setting, and a gentle rolling topography-ideal for your custom build of a basement home. The survey and soil tests have already been completed, and a proposed house plan is available to help jump-start your vision. There is not a dock slip nor permit with this property. Imagine waking up to Lake Lanier sunrises and living just minutes from Sunrise Cove Marina, where your boat or watercraft can be ready at a moment's notice. You'll also enjoy convenient access to shopping, dining, and medical care, making this the best of lake living with everyday ease. Secure your spot in one of Lake Lanier's finest communities - Pointe South. Contact us today to walk the lot and explore the possibilities!
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| Jul 15, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017