24
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226 Mesa RDG
About This Property
Now, let's get to the added showstopper. Property has a HUGE workshop/garage. This isn't just a place to park your car; it's a veritable automotive amusement park. Whether you're a car collector, a tinkerer, or just someone who likes to have plenty of room for all your "stuff," this garage is a dream come true. Built in 2001, this single-story abode offers the kind of easy living that makes you want to kick off your shoes, pour yourself a glass of iced tea, and declare a permanent staycation. This is more than just a single-family residence; it's your ticket to the good life, Texas-style.
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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 31, 2025 | In contract | - | |
| In contract | |||
| May 25, 2025 | Listed by Phillips & Associates Realty | $450,000 | |
| Listed by Phillips & Associates Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017