Lot 107/108 Oak Tree Drive
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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 |
|---|---|---|---|
| May 23, 2024 | Sold | ||
| Sold | |||
| Apr 3, 2024 | No longer available | - | |
| No longer available | |||
| Apr 1, 2024 | Listed by RE/MAX Elite Group | $100,000 | |
| Listed by RE/MAX Elite Group | |||
| Jul 13, 2023 | Price Decreased |
$100,000
↓ $20K
(16.7%) | |
| Price Decreased | |||
| Apr 18, 2023 | Listed by RE/MAX Elite Group | $120,000 | |
| Listed by RE/MAX Elite Group | |||
| | |||
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Two adjacent lots overlooking the Brazos River and valley to be purchased together. Excellent location to build with no time frame to commence. Lot ownerships entitles owner to 36 rounds of golf annually at the Cliffs Golf Course, as well as use of all the neighborhood amenities including both swimming pools and the tennis courts.
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About Palo Pinto
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20576120
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017