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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 |
|---|---|---|---|
| Mar 27, 2025 | In contract | - | |
| In contract | |||
| Feb 20, 2025 | Price Decreased |
$479,000
↓ $21K
(4.2%) | |
| Price Decreased | |||
| Jan 17, 2025 | Listed by Topper Real Estate | $499,995 | |
| Listed by Topper Real Estate | |||
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This 11.01-acre property is unbeatable! Situated on the 290 Wine Trail, just 1.6 miles from downtown Johnson City, and no HOA to worry about. Whether you're planning to build a charming cabin for short-term rentals, your dream home, or a weekend getaway to escape the city, the sensible and minimal restrictions here make it easy to bring your vision to life. Horses are welcome, and barndominiums and short-term rentals are permitted. The property is fenced on two sides, offering plenty of space and privacy. Less than an hour from both Austin and San Antonio, its currently under ag exemption and features beautifully maintained oak trees throughout.
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| Mar 7, 2024 | Sold | ||
| Sold | |||
| Feb 12, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017