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16007 Long Neck Drive
About This Property
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Cap Rate Calculator
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 8, 2026 | In contract | - | |
| In contract | |||
| Jul 11, 2026 | Price Decreased |
$445,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| May 1, 2026 | Listed by Compass RE Texas, LLC - Memorial | $450,000 | |
| Listed by Compass RE Texas, LLC - Memorial | |||
| Jul 8, 2022 | Sold | ||
| Sold | |||
| Jun 11, 2022 | Listed by Keller Williams Professionals | $325,000 | |
| Listed by Keller Williams Professionals | |||
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This amazing property is one of a kind! One acre, unrestricted, all fenced in! A beautiful Texas log cabin with 4-5 bedrooms, 2.5 baths, huge front porch, and many upgrades! You will love the kitchen, with quartz countertop, updated appliances, black kitchen sink to match, beautiful subway tile backsplash and more! The Kitchen is open to the breakfast area and the living room; great for entrainment! Engineer wood floors, new carpet in all the bedrooms, new ceiling fans in all the rooms, updated bathrooms, new light fixtures throughout the house, new AC and new furnace, freshly painted, double pane windows, gutters all around, all fenced in with two gates to go in. The previous owner updated the plumbing system and the electrical wiring; it is all ready for the next family to enjoy it! Washer, dryer and refrigerator are staying too! Media room screen and projector will stay as well. You will not find anything like it for the price! Call today to make your appointment!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017