1601 Burleson Retta Road
About This Property
The manager has listed the unit size as 3215 square feet.
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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 |
|---|---|---|---|
| May 9, 2024 | No longer available | - | |
| No longer available | |||
| May 6, 2024 | Sold | ||
| Sold | |||
| May 2, 2024 | In contract | - | |
| In contract | |||
| Jan 20, 2024 | Listed | $950,000 | |
| Listed | |||
| Nov 6, 2023 | Listed | $950,000 | |
| Listed | |||
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Incredibly unique 2 home property! Main house is a 2 story, primary bedroom & 1 guest bedroom is on ground floor, 2 beds 1 full bath upstairs, balcony overlooks the gorgeous acreage & neighbors fountain. Pool is a diving pool 9ft deep with equipment in pool storage building. Guest house is 1 story 3 bed 2 full bath approx 1300sqft. Office Building with half bath & kitchenette is approx 900 sqft. Raised Centre Aisle barn offers office room with half bath & extra sqft upstairs on 2nd floor - measures 40x60. Metal skinned pole barn at rear of property would make an excellent horse barn (dirt floor) measuring 70x70 with some sqft on the rear currently set up as a lean for storage. Pipe fenced ready for horses. 200 amp service panel ready for generator setup. Geothermal HVAC on main home, commercial grade HVAC on guest home. Property has phenomenal potential.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017