15664 Old Houston Road
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%.
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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 |
|---|---|---|---|
| Jun 22, 2023 | Sold | ||
| Sold | |||
| Mar 24, 2023 | Listed by JLA Realty | $299,900 | |
| Listed by JLA Realty | |||
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Location Location Location! This 4 bedroom, 3 bath, 2 story home sits on just over an acre and is ready for her makeover! Property has no restrictions and can be used as residential or commercial. There is a detached 40'x60' metal shop with electric that has a wall separating it making it an excellent option for an office! Property is completely fenced with an entry gate across the driveway. Inside the home, the master and 2 bedrooms are downstairs with a 4th bedroom and an office/extra room upstairs. The kitchen opens into a formal dining space that leads to a living room with a beautiful wood burning fireplace. This property is being sold as-is and the seller will not make any repairs. With a little work, this property could be an excellent income producing investment or a cozy home on an acre! Old Houston Drive is a 4 lane road just off FM 242, conveniently located between I45 and 59. Both commercial and residential properties surround the property.
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About Pioneer Trails
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$1,650 /mo
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$1,999 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017