16516 Adlong School Road
About This Property
Nestled among a grove of large trees are 3 barns (Approx. 21x42, 30x21 and 24x18). The larger barn includes a 60x60 corral for working cattle. There is a cleared foundation where the old farmhouse once sat. This property is being sold at land value and all structures on the property are being sold "as is". Electricity runs down the middle of the property. There is a water well present that services part of the 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 |
|---|---|---|---|
| Oct 16, 2023 | Sold | ||
| Sold | |||
| Jan 6, 2023 | Listed by Keller Williams Denton | $1,716,000 | |
| Listed by Keller Williams Denton | |||
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Take a look at this 66 acre, unrestricted, ag-exempt, fully fenced property east of Crosby, Texas. Located in Harris County but just far enough from the busyness of Houston proper, this is a prime location near Highway 90, 4 miles from downtown Crosby and in close proximity to the Grand Parkway 99. Looking for an excellent development opportunity? Ready to build your dream home? Want to farm or run cattle?
Nestled among a grove of large trees are 3 barns (Approx. 21x42, 30x21 and 24x18). The larger barn includes a 60x60 corral for working cattle. There is a cleared foundation where the old farmhouse once sat. This property is being sold at land value and all structures on the property are being sold “as is”. Electricity runs down the middle of the property. There is a water well present that services part of the property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017