TBD Fm 702
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 |
|---|---|---|---|
| May 15, 2024 | Sold | ||
| Sold | |||
| Apr 21, 2024 | No longer available | - | |
| No longer available | |||
| Feb 7, 2024 | Listed by Texas Hunting Land | $110,000 | |
| Listed by Texas Hunting Land | |||
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Terrain: This property is a rare small acreage tract in Novice, offering significant future potential in northern Coleman County. Positioned on a stunning corner, the land showcases a perfect blend of open cultivation and dense brush cover with highly productive grasses. It provides an excellent setting for dove and deer hunting. The terrain varies from rolling to flat, featuring sandy to rocky soil as well as thick bull mesquites. The landscape offers an ideal location for a future homesite, featuring beautiful views in a tranquil and peaceful setting. Additional acreage is also available, and a survey will be necessary for determining the exact total acreage.
Wildlife: Deer and Dove hunting
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| Dec 19, 2023 | Relisted | $770,000 | |
| Relisted | |||
| Dec 18, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017