7040 Hells Gate Loop
About This Property
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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 |
|---|---|---|---|
| Aug 25, 2023 | Sold | ||
| Sold | |||
| May 5, 2023 | Listed by Smart Realty | $69,500 | |
| Listed by Smart Realty | |||
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Wonderful view of Possum Kingdom Lake with the benefit of all the amenities. Sportsmans World has many amenities including pools, tennis courts, hiking trails, a community center and a full marina. The PK General store has a variety of products and also provides live music and food in the evenings! This lot looks down into Hells Gate cove and backs up to the community park placing it close to the pavilion and pool. The sunsets and fireworks on the 4th are spectacular! I have builder recommendations and have built several homes of my own on this lake. Call me, I can help you create your dream lake home from the ground up!
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| Mar 25, 2023 | No longer available | - | |
| No longer available | |||
| Jan 18, 2023 | Listed by CLARK REAL ESTATE GROUP | $69,500 | |
| Listed by CLARK REAL ESTATE GROUP | |||
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Great opportunity to build your dream home overlooking Hell's Gate Cove! Extremely usable lake-view lot that allows you many options to build exactly how you have dreamed of. Create your own entertainment space for family and friends to enjoy for a lifetime! Lake memories are the best memories! Conveniently located near the Sportman's World pavilion and swimming pool as well as tennis courts. Utilities located at the road.
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| Oct 9, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017