16502 Salt Grass Trail
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 |
|---|---|---|---|
| Jun 5, 2023 | Sold | ||
| Sold | |||
| Jan 5, 2023 | Listed by Vive Realty LLC | $120,000 | |
| Listed by Vive Realty LLC | |||
| Apr 5, 2022 | Sold | ||
| Sold | |||
| Feb 21, 2022 | Listed by REALM Real Estate Professional | $95,000 | |
| Listed by REALM Real Estate Professional | |||
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Amazing Corner Lot, Cleared and Leveled ready for you to build your perfect home! Property if Fully Fenced around and features 2 large gates with concrete driveways. Gas, Electricity, And Public Water are available. Sewage not available(septic required) Lot is in Floodway but has never flooded before per seller and previous owner. LOCATION LOCATION LOCATION, this lot is 30 minutes from downtown Houston, 10 min from 99 and only 5 minutes from US 290. Shopping, Restaurants, and Entertainment all at your reach!
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| Jul 29, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017