$275,000 Last Listed Price
●
House -
Off Market
16583 Porter Lane
Porter, TX 77365
3 Beds
2 Baths
896 Ft²
$277,141
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model
About This Property
Amazing investment opportunity on approximately 3 acres of
unrestricted land. Cleared lot with gravel driveway, two
septics, two electric meters, two water meters and two mobile homes
each with its own address perfect for rental income. Fully
fenced with gate to entrance of property. Beautiful shade
trees and plenty of room to build a Texas ranchette, multi-family
or maintain as a rental property. (room measurements are
approximate, buyer must confirm measurements for themselves)
Unit Size
896 Ft²
Days on Market
-
Land Size
2.95 acres
Price per sqft
$307
Property Type
House
Property Taxes
$62
HOA Dues
-
Year Built
2000
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (HAR #46483089)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 5, 2023 | Sold | ||
| Sold | |||
| Jan 26, 2023 | Listed by Turn Key Realty | $299,000 | |
| Listed by Turn Key Realty | |||
| | |||
|
This may be the last affordable almost 3 acres and so close to the Grand Parkway, then anywhere you want to go! Whether you want to live there and build your dream home, an investment or just a weekend getaway. Lots of trees and plenty of room to roam. It's a little bit of country in close proximity to the burbs, so shopping, gas, churches and medical care are not a long drive away, the best of both worlds. The property has tenants so there is some rental income too! Tax rate is very low and there is no HOA fees so cost to own is very desirable. The possibilities are endless! Please do not disturb the tenants.
| |||
| May 9, 2022 | Sold | ||
| Sold | |||
| Sep 2, 2021 | Listed by Re/Max Property Group | $275,000 | |
| Listed by Re/Max Property Group | |||
| | |||
|
Amazing investment opportunity on approximately 3 acres of unrestricted land. Cleared lot with gravel driveway, two septics, two electric meters, two water meters and two mobile homes each with its own address perfect for rental income. Fully fenced with gate to entrance of property. Beautiful shade trees and plenty of room to build a Texas ranchette, multi-family or maintain as a rental property. (room measurements are approximate, buyer must confirm measurements for themselves)
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
ft²
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HOA + Taxes
About Airport Acres
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Currently no similar homes aroundNearby Rentals
Listed by: Maelia Davis, Re/Max Property Group
Last Updated: 5 months ago
Data Source: HAR , MLS# 46483089
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Last Updated: 5 months ago
Data Source: HAR , MLS# 46483089
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