TBD Mystic Drive
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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Apr 5, 2026 | In contract | - | |
| In contract | |||
| Mar 23, 2026 | Price Decreased |
$100,000
↓ $25K
(20%) | |
| Price Decreased | |||
| Feb 23, 2026 | Listed by KW SYNERGY* | $125,000 | |
| Listed by KW SYNERGY* | |||
| | |||
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Fantastic 13.5 acre homesite located just moments from the Tin Cup Country Club and at the end of an already developed cul-de-sac less than one mile north of Interstate 20 in Merkel. Come and drive the street to imagine the possibilities for your new homestead! Utilities run through the neighborhood, buyer should verify utility connections.
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| Apr 8, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017