1594 W Fm-1988
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 |
|---|---|---|---|
| Mar 17, 2025 | Sold | ||
| Sold | |||
| Oct 18, 2024 | In contract | - | |
| In contract | |||
| Sep 25, 2024 | Listed by Evans and Associates | $89,900 | |
| Listed by Evans and Associates | |||
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This property is 3.66 acres sitting on FM 1988 and fronting Long King Creek. Approximately 200' on FM 1988 and Approximately 300' on Long King Creek. This property had a home on it for many years. It was where the seller grew up. It has a hill towards the back where the old home was and a drive leading to the home site. Completely fenced. There is a horse currently on the property. A patch of woods borders the home site and Creek. Seller said it was cleared at one time. The creek is nice size creek with lots of wildlife.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017