1556 S Fm 331 Road
About This Property
When you enter the home you immediately notice the high ceilings, and an abundance of wood floors, shiplap walls, and wood ceilings. There is a beautifully detailed craftsman wooden staircase which goes to a huge room upstairs. You will enjoy the long leaf pine floors, claw-foot bathtub, butcher block countertops and kitchen farmhouse sink. All rooms in this home are huge. The doors and windows are original. The roof was installed in 2023 and recent PEX Plumbing and AC unit. There is a 2 car garage with a 576 Sq.Ft. apartment with lots of storage. The Property has an abundance of wildlife. This home needs updating but is a Handyman's Dream!
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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 |
|---|---|---|---|
| Aug 21, 2024 | Sold | ||
| Sold | |||
| Jul 8, 2024 | In contract | - | |
| In contract | |||
| Jun 27, 2024 | Listed by Texas Trust Real Estate | $399,900 | |
| Listed by Texas Trust Real Estate | |||
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Step back in time...This solid, well-built Historical Victorian home has tons of character. This Charming home was built in the 1920's and there is so much history to love. It's located on 4 acres with many mature Pecan, Cedar and Oak trees and an amazing wrap-around porch. There is approx. 600' of road frontage on FM 331.
When you enter the home you immediately notice the high ceilings, and an abundance of wood floors, shiplap walls, and wood ceilings. There is a beautifully detailed craftsman wooden staircase which goes to a huge room upstairs. You will enjoy the long leaf pine floors, claw-foot bathtub, butcher block countertops and kitchen farmhouse sink. All rooms in this home are huge. The doors and windows are original. The roof was installed in 2023 and recent PEX Plumbing and AC unit. There is a 2 car garage with a 576 Sq.Ft. apartment with lots of storage. The Property has an abundance of wildlife. This home needs updating but is a Handyman's Dream!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017