172 Colorado Circle
About This Property
The property is currently wildlife exempt creating a low carrying cost and borders LCRA McKinney Roughs on 2 sides.
AQUA water has a 16" water main along the HWY 71 frontage and a 3" line along the Colorado Circle frontage.
There is no flood plain. Sewer is roughly 3500' west on HWY 71 at an estimated cost of 750k to tie in.
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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 |
|---|---|---|---|
| Sep 17, 2024 | Sold | ||
| Sold | |||
| Feb 2, 2023 | Listed by Keller Williams Realty Austin | $4,950,000 | |
| Listed by Keller Williams Realty Austin | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017