938 Mckenzie Road
About This Property
Lake subdivision, this unimproved land is zoned for single-family use and offers a blend of rural charm with urban accessibility. No Manufactured or Mobile Homes per zoning. Will need to go to septic no sewer available.
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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 |
|---|---|---|---|
| Jun 4, 2025 | Sold | ||
| Sold | |||
| May 18, 2025 | In contract | - | |
| In contract | |||
| May 7, 2025 | Listed by DHS Realty | $120,000 | |
| Listed by DHS Realty | |||
| Feb 21, 2020 | Sold | ||
| Sold | |||
| Oct 25, 2018 | Listed by Epps Realty, LLC | $60,000 | |
| Listed by Epps Realty, LLC | |||
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Looking for one acre or up to approx. 12.75 acres to build your dream home! Lots of options on Post, Lawrence & McKenzie. In order to build need minimum of approx. half acre. Will need to go septic, no sewer available. Great location approx 1 mile from I-20. Mesquite Schools. Located across established neighborhood, Mesquite Girls Softball Complex & coming fall of 2021 Choice Career HS according to MISD. Adjacent acreage is also available & listed separately, purchase all or part of a total of approximately 12.75 acres. Livestock accepted subject to restrictions. No Mobile or Manufactured Homes per zoning.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017