10613 County Rd 404
About This Property
As you approach the entrance of the property, you'll be greeted by over 300+ linear feet of CR 404frontage, providing ample options for multiple entrance configurations. The landscape itself is adorned with the beauty of the hill country, showcasing natural rolling hills, abundant Live Oaks, and captivating views of the surrounding area.
Adding to the allure of this location are the neighboring master planned communities of Thomas Ranch and Travis Club, which further enhance the area's desirability and potential for growth. With such a prime location, unrestricted potential, and natural beauty, this development opportunity is truly a gem waiting to be transformed into something extraordinary.
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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 14, 2024 | No longer available | - | |
| No longer available | |||
| Mar 7, 2024 | Listed by Compass RE Texas, LLC | $7,000,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017