7248 NEWMAN BLVD
About This Property
Imagine designing a home that perfectly suits your lifestyle, with ample space for modern living, outdoor entertainment, and lush landscaping. Whether you envision a contemporary retreat or a timeless classic, this lot is ready to bring your dream to life.
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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 |
|---|---|---|---|
| Jul 8, 2025 | No longer available | - | |
| No longer available | |||
| Jan 7, 2025 | Listed by Ideal Realty | $150,000 | |
| Listed by Ideal Realty | |||
| Aug 15, 2024 | No longer available | - | |
| No longer available | |||
| Apr 3, 2024 | Price Decreased |
$199,000
↓ $11K
(5.2%) | |
| Price Decreased | |||
| Mar 1, 2024 | Listed by RE/MAX Ideal Realty | $210,000 | |
| Listed by RE/MAX Ideal Realty | |||
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Beautiful lot located in the Gated Community of Studio Estates perfect for building your new home! Enjoy a peaceful picnic in the neighborhood park or go walking to Lake Lindsay and fish while watching the sun set. The grand view of the country can be admired from the backyard! Located in Kyle just 11 minutes from IH-35. This .53 acre is a great find!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017