1485 Watterson Road
About This Property
For equestrian enthusiasts, a meticulously cared-for horse barn awaits, complete with full living quarters. You'll find convenience and comfort in the AC-equipped woodwork shop and tack and feed room.
Your four-legged companions will enjoy the comfort of 4 new horse stalls, featuring stall skins and individual cooling fans for their well-being.
Adding to the natural charm, a large pond and water well are present on the property, providing ample water resources. The landscape is further adorned by majestic live oak trees, offering shade and beauty.
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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 4, 2024 | Sold | ||
| Sold | |||
| Aug 27, 2023 | Listed by Keller Williams Realty Austin | $1,100,000 | |
| Listed by Keller Williams Realty Austin | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017