1501 Tee Pee Drive
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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 |
|---|---|---|---|
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Apr 15, 2026 | In contract | - | |
| In contract | |||
| Mar 30, 2026 | Listed by Real Broker, LLC | $65,000 | |
| Listed by Real Broker, LLC | |||
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Build your own space just a short drive from Canyon Lake This 0.5-acre curved lot gives you the flexibility to create something that actually fits your lifestyle - not someone else's plan. Tucked in a peaceful area about 30 minutes from Canyon Lake, you get that quiet Hill Country feel while still being close enough to enjoy the water, views, and weekend activities. Utilities are available, and there's already a septic system on site (not currently hooked up), giving you a head start as you plan your setup. Whether you're thinking: Mobile home RV setup Weekend getaway spot Or a long-term hold This property gives you the freedom to make it your own. With half an acre, you've got room to spread out, park your toys, or build things the way you want - no tight lot restrictions here. If you've been looking for something affordable, flexible, and close to Canyon Lake... this might be the one.
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| Oct 25, 2019 | Sold | ||
| Sold | |||
| Aug 5, 2019 | Listed by D Lee Edwards Realty, Inc | $45,000 | |
| Listed by D Lee Edwards Realty, Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017