0 Penny Road
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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 |
|---|---|---|---|
| Mar 31, 2022 | Sold | ||
| Sold | |||
| Aug 4, 2021 | Listed by Arrowstar Realty | $194,900 | |
| Listed by Arrowstar Realty | |||
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UNRESTRICTED 5.925 ACRES JUST SOUTH OF HIGHWAY 105 EAST AND WEST OF FOSTORIA ROAD IN CLEVELAND, TEXAS! CONVENIENT LOCATION! THIS PROPERTY IS ON TWO TRACTS, 4.287 AND 1.638 ACRES. PROPERTY IS LESS THAN A MILE FROM HIGHWAY 105 EAST AND IS ONLY 11 MILES FROM HIGHWAY 59! NO WATER OR SEWER, HOWEVER THIS PROPERTY WOULD BE PERFECT FOR A VARIETY OF USES! NO HOA & NO MAINTENANCE FEES HERE! HIGH & DRY AND NOT IN THE FLOOD PLAIN! GREAT LOCATION!
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017