Lot 74 Melbourne Trail
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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%.
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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.
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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 |
|---|---|---|---|
| May 4, 2021 | Sold | ||
| Sold | |||
| Apr 10, 2019 | Listed by Coldwell Banker Realty | $20,000 | |
| Listed by Coldwell Banker Realty | |||
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Two Lots & 1 week of Interval Ownership in the Birkdale Condos in The Cliffs Resort at P.K. The 2 lots gently slope , one on the corner of Cherry Hills. Lots slope away from Melbourne Tr, the lots have cedars. The property is conveniently located between The Cliff Amenity Area & The Cliffs Marina above the waters of Neeley's Slough on Possum Kingdom Lake & views of The Cliffs Golf Course. The double lots offers several build options including room enough for a spacious single level lake house retreat or retirement home with no stairs. The interval Ownership comes with a deeded week in the Birkdales in revolving quarters. 72 rounds of free golf on The Cliffs Championship Golf Course & other Resort discounts.
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Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14063944
Details provided by NTREIS and may not match the public record
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