7401 Bayhill Drive
About This Property
BUILD YOUR DREAM HOME! This is a rare opportunity to own a lot in the highly coveted and well-maintained Peninsula neighborhood. It is the first lot on the left as you drive in and it is close to shopping, water, and Herfurth Elementary School. It is a PERFECT lot in a booming area that's close to tons of shopping and it is only MINUTES away from everything, including IH-30, PGBT-190, schools, and marinas! Ideal as an investment - and it is also close to the new Bayside Lagoon along Lake Ray Hubbard! If you are looking for a lot that is ready to be developed in an open family-friendly neighborhood, then this is it!
Buyer to verify all info in listing including room & lot sizes, schools, taxes, amenities, etc. Neither Seller nor L.A. makes any warranties or representation as to accuracy.
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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 |
|---|---|---|---|
| Feb 22, 2023 | Sold | ||
| Sold | |||
| Dec 20, 2022 | Listed by Williams Trew Real Estate | $85,000 | |
| Listed by Williams Trew Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017