1050 Rio Bravo Drive
About This Property
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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 |
|---|---|---|---|
| Jun 15, 2026 | Sold | ||
| Sold | |||
| Mar 27, 2026 | In contract | - | |
| In contract | |||
| Mar 16, 2026 | Listed by NE Texas Regional Realty | $235,000 | |
| Listed by NE Texas Regional Realty | |||
| Dec 31, 2023 | Sold | ||
| Sold | |||
| Aug 8, 2023 | Listed by Jeanette Anderson Real Estate | $295,490 | |
| Listed by Jeanette Anderson Real Estate | |||
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New! Three bedroom and two bath home, one story, open concept kitchen with island, covered rear patio. Home includes, island kitchen, Quartz counters throughout, LED lighting, full sprinkler system, professionally engineered post tension foundation, and so much more!
Welcome to Governor’s Lots in Forney, our new Express community! The community is less than 2 miles away from Highway 80. Forney offers a variety of schools, shopping, restaurants, and entertainment, along with easy access to neighboring towns. Governor’s Lots provides beautiful floorplans from 1,259 to 2,226 SF. Do not hesitate to schedule an appointment with our Community Sales Team to start the process of finding your forever home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017