11487 Roese 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 |
|---|---|---|---|
| Oct 21, 2020 | Sold | ||
| Sold | |||
| Sep 26, 2020 | Listed by REALM Real Estate Professional | $140,000 | |
| Listed by REALM Real Estate Professional | |||
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Welcome to 11487 Roese Rd. These combined lots of unrestricted property will not disappoint you at nearly 10 ACRES. Your future lot has lots to offer with electric, water, and sewer already on the property. No messing around with utility companies having you wait all day, and charging a huge fee to run utilities. The property has stocked fishing ponds perfect for a nice get away from the big city. If you prefer, you can bring your outdoor toys to the property, and keep them in one of 2 secure storage buildings already on the lot. If you plan on building, a portion of the property was cleared, and could make a great place to build your weekend get a way, or forever home. Don't miss your opportunity to purchase this great piece of land only about an hour from North Houston area. Call to schedule your private showing today.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017