118 Old River Road S
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 12, 2025 | Sold | ||
| Sold | |||
| Feb 13, 2025 | In contract | - | |
| In contract | |||
| Nov 26, 2024 | Listed by Country Pride Real Estate | $35,000 | |
| Listed by Country Pride Real Estate | |||
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Great find here with two cleared lots fully fenced with all the utilities you need already in place including septic, water, RV Hook up and electricity! Bring your RV and leave it here or build your dream/vacation home. These two lots totaling approximately a quarter of an acre sit just around the corner from the community boat launch and fishing docks as well. Tres Palacios Oaks also boasts a beautiful and well maintained swimming pool with bathroom area and playground for the youngsters as well as a huge freshwater lake for you to fish in as well as the river. This community is also filled with beautiful trees and you will see the deer roaming freely early mornings and late afternoons. If you are looking for a nice place to relax on, vacation or live permanently that offers tranquility, secured front gate and beauty, this just may be the place for you!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017