1512 Bingle 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%.
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 |
|---|---|---|---|
| Feb 27, 2024 | Sold | ||
| Sold | |||
| Oct 18, 2023 | Listed by Zarco Properties, LLC | $1,200,000 | |
| Listed by Zarco Properties, LLC | |||
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Fantastic real estate opportunity for builders and investors! This half-acre land is situated in a rapidly growing area, primed for development. The property has been replatted to accommodate 8 single-family homes within a secure gated community. With city-approved engineer and architectural plans included in the sale, you're all set to bring this vision to life. The thoughtfully designed floorplans range from 2,410 to 2,947 sq ft, offering versatility and modern living spaces. Enjoy the convenience of easy access to both 1-10 and 610, enhancing the property's appeal. Don't miss out on being a part of this exciting venture in a thriving location!
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| Sep 3, 2021 | Sold | ||
| Sold | |||
| Apr 11, 2021 | Listed by Truss Real Estate | $872,000 | |
| Listed by Truss Real Estate | |||
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Calling all builders! Great revenue with this 8 unit development with plans and civil. Homes have been replatted and zoned to some of the most desirable schools which is Valley Oaks Elementary, Spring Branch Middle and Memorial High.
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| Oct 8, 2020 | Listed by Truss Real Estate | $836,000 | |
| Listed by Truss Real Estate | |||
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Calling all builders! Great revenue with this 8 unit development with plans and civil. Homes have been replatted and zoned to some of the most desirable schools which is Valley Oaks Elementary, Spring Branch Middle and Memorial High.
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About Northwest Houston
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Last Updated: 4 months ago
Data Source: HAR , MLS# 7651597
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017