7100 Lake Myra Road
About This Property
The home needs work, and is being sold as-is. Bring your vision to this one - Rehab and enjoy a getaway spot, renovate as a rental, or tear it down and start anew with a water view!
Multiple offers have been received. The sellers have requested highest and best by 9am ET Friday, 2/9/24.
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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 |
|---|---|---|---|
| Jan 3, 2025 | Sold | ||
| Sold | |||
| Dec 5, 2024 | In contract | - | |
| In contract | |||
| Nov 29, 2024 | Listed by Compass -- Raleigh | $200,000 | |
| Listed by Compass -- Raleigh | |||
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Investors, we have a great (2) bedroom home located on a private pond with the lot size of (1) acre. This home offers a beautiful place full of peaceful privacy. The ranch style design provides an ease of living. Interior has been updated with additional rooms however the septic permit is only for (2) bedrooms. This is a great buy for investors as it is rented for $2,200 a month. Seller is motivated to sell quickly.
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| Feb 22, 2024 | Sold | ||
| Sold | |||
| Feb 7, 2024 | Listed by HomeTowne Realty | $75,000 | |
| Listed by HomeTowne Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017