939 Reiley Rd
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 |
|---|---|---|---|
| Jun 4, 2026 | Listed by Keller Williams Heritage | $974,900 | |
| Listed by Keller Williams Heritage | |||
| Mar 2, 2023 | No longer available | - | |
| No longer available | |||
| Dec 2, 2022 | Listed by Keller Williams New Braunfels | $799,900 | |
| Listed by Keller Williams New Braunfels | |||
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Incredible short term rental Lake Placid opportunity, providing over 230 feet of improved waterfrontage, vast outdoor living spaces, and a 3760 square foot home that is an entertainers dream! The boat house has a boat lift and entertainment deck. At this time, water level has been lowered. The dam is expected to be completed by early 2024, and at that time, water should resume to previous levels, however, the Guadalupe River still runs through so there is still plenty of water activities and fun to be had. The outdoor kitchen space is surrounded by concrete patios. There is space for trailer, boat, or RV parking; or build a structure to suit your needs. No restrictions. Inside enjoy views of the lake from the entire first floor. There is an open concept great room, sitting area with rock fireplace, family room, wet bar, owner’s suite, and an additional bedroom and full bathroom. Upstairs there are two bedrooms, a full bathroom, and a second floor patio with direct lake views. The manager has listed the unit size as 3760 square feet.
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| Jul 11, 2022 | Price Decreased |
$849,900
↓ $8M
(89.9%) | |
| Price Decreased | |||
| Jul 9, 2022 | Relisted | $8,449,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017