TBD 7 CR 175
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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%.
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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 7, 2021 | Sold | ||
| Sold | |||
| May 31, 2021 | Listed by Ekdahl-Nelson Real Estate | $81,288 | |
| Listed by Ekdahl-Nelson Real Estate | |||
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Tract 7 of the Tracts at Double Creek has access off the less traveled County Road 175. It has several nice building sites and a thick area of trees and brush for the wildlife. There is a low lying spot which would probably make a nice area for a stock tank. The low lying area is in a flood zone but there is plenty of high ground not in the flood zone to build on! Jim Ned ISD and easy access to Abilene. Deed restrictions protect land values, but no HOA. Electric lines from Taylor Electric run along the road, and a water meter from North Runnels water has been secured. Seller will complete fencing of each tract. This is Texas country lifestyle at its best, come pick out your tract today!
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Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14588261
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