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15297 Snohomish Loop
About This Property
This 1.93-acre lot is near Montana Vista, bordering Red Sands and community amenities. Potential for two or three homes, making this an appealing opportunity for an investor or multi-home development.
Located on a paved road and less than 0.25 miles from Montana Avenue via a dirt road with potential for future paving. An electric pole and box are already present, and the property is ready for connection to city utilities.
The property includes a TWDB-registered, 610-foot-deep state well, pump, and 10,000-gallon water storage tank. Historical well and water-quality testing documentation is attached.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Listed by White Rock Realty | $175,000 | |
| Listed by White Rock Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017