0000 COUNTY ROAD 422
About This Property
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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%.
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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.
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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 1, 2024 | Sold | ||
| Sold | |||
| Nov 30, 2023 | Listed by Long Properties | $60,000 | |
| Listed by Long Properties | |||
| Sep 1, 2020 | Sold | ||
| Sold | |||
| Jun 23, 2020 | Listed by Bob Heyen Realty | $45,000 | |
| Listed by Bob Heyen Realty | |||
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This property is all farmland. There are a few hackberry and mesquites along the fence line on the county road. In heavy rains, water tends to pool in the center of property. Electric line runs along CR 4201 and there is a West Medina Water Supply line and easement running along the south boundary line with as many as two water meters available. A fence runs along the south property line by CR 4201 but is in poor condition. Note: Seller's obligation to close is contingent upon the waiver of a right-of-first-refusal for the benefit of a third party being the adjoining neighbor. Property is not in the 100-year flood plain. Seller has met with County Road Commissioner to discuss ways to reduce pooling of water on property and cleaning out of bar-ditches.
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About D'Hanis
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Last Updated: 5 months ago
Data Source: LERA, MLS# 1736417
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017