TBD 2037 Old Elmdale Road
About This Property
Own this land and build your dream home, add a mobile home or whatever you wish to do.
Also good for hunting, lots of deer on the property. There is a fence which runs on the property line.
Outside city limits but still conveniently located to shops, restaurants and Wylie east schools.
A new privacy fence was just installed to separate the properties!
The property was just surveyed and is ready to be sold!
Buyer will need to have electricity and water run to their future home, also septic is needed.
Very easy to do, since property is right next to a city road
There is a gasline on the 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 16, 2023 | Sold | ||
| Sold | |||
| Oct 26, 2022 | Sold | ||
| Sold | |||
| Oct 7, 2022 | Listed by eXp Realty LLC Abilene | $385,000 | |
| Listed by eXp Realty LLC Abilene | |||
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This property has the perfect balance of acreage outside city limits with the convenience of being close to shopping, schools and restaurants.
14.51 acres give you plenty of space to spread out, have livestock, and enough parking for all of your equipment and vehicles.
The home features 5 bedrooms, three full bathrooms on a split floorplan. The beautiful kitchen provides you with lots of storage, a big island and an open concept for entertaining guests. All appliances will convey with the house including one of the refrigerators.
Enjoy your evenings on the covered porch, watch the deer's or relax in the outdoor above ground pool. Also, hunting opportunity right in your front and backyard! Also, 50 amp RV hook up available.
This listing has it all! Located in the Wylie School District.
| |||
| May 22, 2022 | Listed by eXp Realty LLC Abilene | $114,900 | |
| Listed by eXp Realty LLC Abilene | |||
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20064814
Details provided by NTREIS and may not match the public record
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