2
Map
576 Magnolia Point Drive
About This Property
Seller has complete plans for construction of a 2 stories home.
Seller has the survey and all permits for the construction.
Listed By
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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 |
|---|---|---|---|
| Dec 23, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 22, 2025 | Listed by The Larios Home Group | $80,000 | |
| Listed by The Larios Home Group | |||
| Jul 24, 2025 | Listed by The Larios Home Group | $80,000 | |
| Listed by The Larios Home Group | |||
| | |||
|
Cleared lot ready to build on, public water and public sewer available.
| |||
| Feb 9, 2025 | Listed | $80,000 | |
| Listed | |||
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Cleared lot ready to build on, public water and public sewer available.
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Property Highlights
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Status
Price/ft²
Listed On
Sold On
About Lake Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017