Lot 2 US Hwy 77
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 |
|---|---|---|---|
| Mar 28, 2024 | Sold | ||
| Sold | |||
| Jul 12, 2023 | Sold | ||
| Sold | |||
| May 28, 2023 | Listed by Hi View Real Estate | $260,000 | |
| Listed by Hi View Real Estate | |||
| May 2, 2023 | Listed by Hi View Real Estate | $199,900 | |
| Listed by Hi View Real Estate | |||
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Great acreage with good amount of road frontage on Hwy 77 just north of Milford. This sleepy community is just 15 minutes south of Waxahachie and 15 minutes north of Hillsboro. It has a great school district and land is still reasonably priced. With this 13 acre plus piece one has room for the new homestead and ag space for the animals. There is seller financing available too. PLEASE NOTE: A water well will be needed for your water utility. Otherwise, come on down to the country just a short drive from DFW. This is for Lot 2.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017