2207 Longhorn Trail
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 30, 2021 | Sold | ||
| Sold | |||
| Apr 8, 2020 | Listed by Helen Painter Group, REALTORS | $1,199,000 | |
| Listed by Helen Painter Group, REALTORS | |||
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Includes 12,200+sqft. of improvements(5500sqft main house, 750sqft guesthouse, 6,000sqft event center, business site) no city taxes, ag exempt, ALL at less than $99sqft. including 10acres. Event Center that has been entertaining Texans for over 40 years. Hundreds of school functions, weddings, anniversaries, church events, reunions, & fundraisers in this 500 person+ space over this time. Chisholm Trail is a couple miles away and makes downtown Ft. Worth 25 minutes away yet in the country. Location! Location! Location! The owners of 37 years have never advertised, marketed or tried to take full advantage of this party magnet but still saw over $70,000 in revenue in 2019! What could be developed working it 365!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017