137 RANCH ROAD
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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%.
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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 |
|---|---|---|---|
| Aug 16, 2023 | Sold | ||
| Sold | |||
| Jul 1, 2023 | Listed by Coldwell Banker D'Ann Harper | $585,000 | |
| Listed by Coldwell Banker D'Ann Harper | |||
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**Price Reduced**Here's your opportunity to own 5.53 acres with extra income potential. Very close to Bexar County just off 1604/Hwy 87. There are 2 homes on the property each with their own electricity. A perfect opportunity for rental income or use one as a casita/guest house for family! The main home is approximately 1931sqft, 3 bedrooms and 2 1/2 baths. The large living room has high ceilings, 2 large updated ceiling fans, wood floors and a rock fireplace. You'll enjoy the country views both on the large wrap around porch and covered patio in the back. The inside & outside was just painted, AC was just serviced, and roof was replaced a couple of years ago. The 2nd home is approximately 1000sqft and has an open floorplan for the living and kitchen area with wood-look tile (the rest of the home is a beautiful travertine tile). There are 3 rooms (one has a closet and other 2 do not but there is a large closet in the hallway) and 2 baths (one inside a room). The front bathroom has space and hookups for a stackable washer and dryer. A new water heater was installed June 2023 & it is currently getting painted inside. You're also going to love the approximately 40x60 workshop with 2 large garage doors in the front and another garage door in the back. There is a large covered concrete slab in the front as well. The entire property is fenced and cross fenced, ready for horses. The red shed and other storage items convey as well. There is a well for watering yard/outdoor use and city water for inside homes. This property is being sold AS-IS and has been priced accordingly. **Seller is offering $10,000 at closing for updates.
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| Jul 27, 2005 | Sold | ||
| Sold | |||
| Mar 3, 2005 | Listed by Home Team of America | $300,000 | |
| Listed by Home Team of America | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017