1852 Coral Road
About This Property
Join a growing community in Pelican Bay and AZLE ISD. Here is an opportunity to get in on the ground floor if you don't mind redoing the home. Home needs at a minimum, interior and exterior paint, new flooring, new kitchen cabinets, counters, and appliances. Not sure what condition the air conditioning is in. This home has a garage but no garage door. No fence.
Home has been priced leaving enough room for renovations and repairs.
No survey available. Sold As-Is, seller will not make any repairs. All disclosures online.
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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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 8, 2026 | In contract | - | |
| In contract | |||
| Feb 20, 2026 | Listed by AmeriPlex Realty, Inc. | $100,000 | |
| Listed by AmeriPlex Realty, Inc. | |||
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About Pelican Bay
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Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 21186688
Details provided by NTREIS and may not match the public record
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