118 Durazno
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 |
|---|---|---|---|
| Mar 19, 2025 | Relisted | $65,000 | |
| Relisted | |||
| Mar 12, 2025 | In contract | - | |
| In contract | |||
| Oct 29, 2024 | Listed | $65,000 | |
| Listed | |||
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This 1.08-acre property offers the perfect canvas to build your dream home or future investment. Fully cleared and ready for construction, the lot features beautiful, mature shade trees that add charm and character to the landscape. With a culvert already in place at the entryway, the property is primed for easy access and development. Conveniently located just a short distance from TX-36, this location provides an ideal commute to nearby areas while still offering a peaceful, country-like setting. Whether you're looking to build a custom home or create a personal retreat, this land is full of potential. Don’t miss the opportunity to make this well-prepared property your own. Schedule a visit today and explore the possibilities!
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| Dec 30, 2022 | Sold | ||
| Sold | |||
| Oct 4, 2022 | Listed by Mega Realty | $65,000 | |
| Listed by Mega Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017