1 E FM 581
About This Property
The lot is surrounded by some trees, adding natural beauty and shade to the area. The presence of trees can also offer privacy and a sense of seclusion, which can be especially appealing to those looking for a peaceful escape from the hustle and bustle of city life.
The location of the lot is also ideal. It's just three minutes from Lometa and 23 minutes from Lampasas, providing easy access to all the necessary amenities such as grocery stores, schools, and healthcare facilities. This convenient proximity to town ensures that you'll never have to travel far to meet your everyday needs.
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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 |
|---|---|---|---|
| May 31, 2023 | Sold | ||
| Sold | |||
| Apr 27, 2023 | Listed by Bar T Realty, LLC | $34,900 | |
| Listed by Bar T Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017