15248 N Highway 75
About This Property
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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 28, 2025 | Sold | ||
| Sold | |||
| Feb 20, 2025 | In contract | - | |
| In contract | |||
| Nov 12, 2024 | Listed by RE/MAX Associates Northeast | $225,000 | |
| Listed by RE/MAX Associates Northeast | |||
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Unrestricted property just under an acre on Highway 75 with three homes. House A is a vintage 2-bedroom, 1-bath 900 sqft home and needs a full remodel. The second house, painted yellow, is a 2-bedroom, 1-bath 900 sqft and is currently under construction and almost complete. This home features spray foam insulation on all exterior and interior walls and under the subfloors and a new mini-split HVAC. The third home is a 1,000 sqft, 3-bedroom, 2-bath single-wide mobile home. This property offers flexibility for residential or commercial use in a prime location between Conroe and Willis.
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Last Updated: 4 months ago
Data Source: HAR , MLS# 75039233
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017