1701 Nokomis Road
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 |
|---|---|---|---|
| Sep 30, 2022 | Sold | ||
| Sold | |||
| Aug 29, 2022 | Listed by Coldwell Banker Apex, REALTORS | $299,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
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Beautiful 4.9 acres on wooded Nokomis Road in South Dallas. This property is perfect for someone looking for quiet country living with a quick drive into Dallas. Walk onto the land and you will quickly see the perfect location to build. The property has been meticulously cared for and will require very little preparation. Bring your plans and build your dream home. The front wooden fence is already there. Deed Restrictioons apply and can be found in MLS supplements. Survey available.
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| Feb 11, 2022 | Sold | ||
| Sold | |||
| Jan 11, 2022 | Listed by Briggs Freeman Sotheby's Int'l | $250,000 | |
| Listed by Briggs Freeman Sotheby's Int'l | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017