840 Cornish Mountain Road
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 |
|---|---|---|---|
| Jul 5, 2019 | No longer available | - | |
| No longer available | |||
| Jun 24, 2019 | Sold | ||
| Sold | |||
| Dec 5, 2018 | Listed | $159,900 | |
| Listed | |||
| | |||
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Beautiful views of Lake Varner, a reservoir, await you as you sit on the back porch of your dream home. This 3.44 acre lot has privacy from the big oak trees, but provides a perfect building spot nestled in the middle so you have the best of both worlds. With over 330 feet of shoreline, you will never want to leave your new dream home. Light covenants help protect your investment. It is not easy to find such an amazing waterfront lot, so close to HWY 138, HWY 78, I-20, shopping and dining.... but here it is.... so don't miss out!
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| Nov 21, 2018 | Listed by Algin Realty, Inc. | $159,900 | |
| Listed by Algin Realty, Inc. | |||
| Jul 9, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017