1046 Bow Street
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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 |
|---|---|---|---|
| Apr 30, 2021 | Sold | ||
| Sold | |||
| Mar 15, 2021 | Listed by Brent King Group | $84,000 | |
| Listed by Brent King Group | |||
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This lot is 60 x 107, located on the corner of Bow Street. Great opportunity to build your dream home here in Park Place. This subdivision has a lot to offer such as a community clubhouse and pool. Front and back lawn care is included in your HOA dues. Since located on the corner, there will be no neighbor behind you, as the street curves. 1046 Bow St is just a short distance away from downtown Rockwall, where you can enjoy shops and restaurants. Seller has plans for a house that have not been submitted nor finalized to the HOA. Attached in the transaction desk are the concept drawings.
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Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14533584
Details provided by NTREIS and may not match the public record
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