11
Map
LOT 5 Gillespie Ridge
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 |
|---|---|---|---|
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Dec 19, 2024 | In contract | - | |
| In contract | |||
| Nov 21, 2024 | Listed by Topper Real Estate | $185,000 | |
| Listed by Topper Real Estate | |||
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Owner Financing Available! This awesome tract is located in the new gated community, Gillespie Ridge. Just minutes from Kerrville's big box stores and just down the road from Fredericksburg's wine country, you'll find yourself situated in the perfect location between Kerrville and Harper. The tree cover on these tracts provides a great deal of privacy, as well as a spacious feel. With a current AG exemption in place, the property's taxes are minimal. There is no restriction on the type of construction including mobile homes. Having electricity on site already makes it easy to get started with your homestead. Gillespie Ridge is yours for the taking.
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| Oct 31, 2024 | Listed by Topper Real Estate | $185,000 | |
| Listed by Topper Real Estate | |||
| Sep 24, 2024 | Listed by Topper Real Estate | $170,000 | |
| Listed by Topper Real Estate | |||
   | |||
|
Owner Financing Available! This awesome tract is located in the new gated community, Gillespie Ridge. Just minutes from Kerrville's big box stores and just down the road from Fredericksburg's wine country, you'll find yourself situated in the perfect location between Kerrville and Harper. The tree cover on these tracts provides a great deal of privacy, as well as a spacious feel. With a current AG exemption in place, the property's taxes are minimal. There is no restriction on the type of construction inclu
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About Gillespie
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Last Updated: 5 months ago
Data Source: LERA, MLS# 1820006
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017