985 Indian Gap
About This Property
The community offers an impressive range of amenities, including a saltwater pool, basketball court, putt-putt golf, stocked private fishing ponds, boat ramps, fishing piers, and picnic areas. Residents also enjoy regular social events, with potluck dinners and bingo held every third weekend.
This property is the ideal blend of relaxation, recreation, and lakeside living-don't miss your chance to own a slice of Lake Fork paradise! Seller financing available.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 15, 2026 | No longer available | - | |
| No longer available | |||
| Sep 1, 2026 | Price Decreased |
$164,000
↓ $10K
(5.8%) | |
| Price Decreased | |||
| Aug 3, 2026 | Price Decreased |
$174,000
↓ $10K
(5.4%) | |
| Price Decreased | |||
| Jul 8, 2026 | Price Decreased |
$184,000
↓ $10K
(5.2%) | |
| Price Decreased | |||
| Jun 19, 2026 | Price Decreased |
$194,000
↓ $5K
(2.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017