16024 Wells RD
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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 |
|---|---|---|---|
| Oct 1, 2025 | Listed by La Casa Realty Group | $430,000 | |
| Listed by La Casa Realty Group | |||
| Sep 1, 2025 | No longer available | - | |
| No longer available | |||
| Jan 18, 2024 | Listed by La Casa Realty Group | $430,000 | |
| Listed by La Casa Realty Group | |||
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This is a great opportunity to own 10 acres in Elgin. Gorgeous, cleared land ready for you to build your dream home and enjoy the beautiful Texas sky. This tract allows for at least 2 houses either site built or manufactured homes, has easy access to Elgin and Manor with great country views.
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Listed Office: La Casa Realty Group - Listing courtesy of Unlock MLS
Phone: (512) 697-8804
Last Updated: 2025-10-02 04:38:50
Data Source: Unlock MLS, MLS# ACT7167317
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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