8006 State Highway 34
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 |
|---|---|---|---|
| May 1, 2026 | Listed by Blue Ridge Real Estate, Inc. | $295,000 | |
| Listed by Blue Ridge Real Estate, Inc. | |||
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| May 27, 2025 | Listed by Blue Ridge Real Estate, Inc. | $295,000 | |
| Listed by Blue Ridge Real Estate, Inc. | |||
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This property is connected to the Ralph Hall Lake by a concrete walkway. Whether you want to live by the Lake or turn this property into an income producer because of the Lake, the possibilities are endless. For the homesite there are mature trees and a covered back patio to sit out and enjoy the sunsets along with a fenced pasture, small barn and workshop with electricity for a horse, chickens and perfecting your hobbies. Home has foundation settling and is being sold as is to settle an estate. For the investor, this prime location is perfect once the Lake is full, and the fun begins. With just enough land to use as a storage area, parking area, or small store, there is no wasted space.
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| Apr 14, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Feb 19, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017