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1515 County Road 315
About This Property
The previous buyer completed substantial due diligence and reported plat approval, MUD approval and progress on the proposed wastewater treatment plant, including that TCEQ no longer had an objection. Available due diligence and development information can be provided to qualified buyers. These updates are previous-buyer reports; approval documents and an issued wastewater permit have not been independently verified. Buyer to confirm approval status, conditions, MUD coverage, wastewater permitting, utility availability and capacity for the intended development.
The property is within Jarrell's ETJ. There is one well and two septic systems, plus Wills Creek and a wet-weather creek. All structures except the well house are to be removed prior to closing. Buyer and/or buyer's agent to verify all information, including acreage, jurisdiction, access, floodplain, utilities, property taxes and schools.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 13, 2026 | Relisted | $4,500,000 | |
| Relisted | |||
| Sep 13, 2024 | In contract | - | |
| In contract | |||
| Jun 22, 2024 | Relisted | $5,000,000 | |
| Relisted | |||
| Jun 10, 2024 | In contract | - | |
| In contract | |||
| Jun 7, 2024 | Delisted | - | |
| Delisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017