700 Lake Drive
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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 |
|---|---|---|---|
| Oct 5, 2023 | Sold | ||
| Sold | |||
| Jul 20, 2023 | Listed by CENTURY 21 Judge Fite Co. | $417,000 | |
| Listed by CENTURY 21 Judge Fite Co. | |||
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Great opportunity in Wills Point with 2.5 acres and multiple outbuildings that could be additional living spaces, all conveniently located to the quaint downtown of Wills Point. The property sits on a magnificent treed lot with tons of space and limitless potential. This well-appointed home features three beds, two and a half baths, and modern kitchen appliances. One of the outbuildings could be a mother-in-law suit with a bit of sweat equity. This accessory building has electricity and water that has been capped off. The second larger building would make an ideal workshop.
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About Wills Point
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Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20386678
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017