1121 Big Berry Road
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 |
|---|---|---|---|
| May 11, 2021 | Sold | ||
| Sold | |||
| Apr 13, 2021 | Listed by Oro Realty | $38,000 | |
| Listed by Oro Realty | |||
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Welcome to Enchanted Oaks and 1121 Big Berry! This lot boasts 200 +/- feet of frontage, towering hardwoods, and 0.61 acres of land to create your own piece of lake heaven. Lake Somerville and Birch Creek State Park is located about 5 minutes away and is a popular destination for fishing, swimming, boating and hiking. Enchanted Oaks is a rural subdivision in Burleson County north of Lake Somerville and offers large, wooded lots and no HOA. Permitted uses are mobile homes, manufactured homes, vacation homes, traditionally built homes, and other types of residential dwelling structures. Seller will install water meter and electrical meter upon closing, however no public sewer so a septic system will be required.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017