0 Cr-255
About This Property
was once a part of the Orozimbo Plantation owned by James A. E. Phelps, a member of the Old Texas
300 and a surgeon in the Texas Army. General Santa Ana was held as a prisoner of war on this
property after his capture in the Battle of San Jacinto. He was visited here by Stephen F. Austin and
General Sam Houston. The beautiful property has numerous massive oak trees and some areas look
out to Bell Lake. The northwest portion of the property does have approximately 496' of frontage on CR 255.
There is a gated shared access drive at the end of CR 255 that can be used to access the southeast
part of the property. There is electricity run to neighboring properties. While the land is close to the
Brazos, there is minimal floodplain affecting the land per the FEMA map. This is a great place for
weekend recreation or full time living. Boundary lines on aerial photos are approximate.
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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 |
|---|---|---|---|
| Apr 10, 2025 | Sold | ||
| Sold | |||
| Dec 20, 2024 | Listed by Keller Williams Realty Metropolitan | $340,920 | |
| Listed by Keller Williams Realty Metropolitan | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017