22856 County Road 487
About This Property
significant elevation changes with scattered oak trees and areas of pastureland. Electricity onsite through
Comanche County Electric Co-Op. Great views combined with awesome building sites makes this property a
fantastic getaway option or place to call home in the country. Brand new well, new entry completed with 40' culvert, power line clearing and electric service drop ordered and paid for.
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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 |
|---|---|---|---|
| Dec 28, 2021 | Sold | ||
| Sold | |||
| Sep 10, 2021 | Listed by Kersh Real Estate | $150,000 | |
| Listed by Kersh Real Estate | |||
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14667997
Details provided by NTREIS and may not match the public record
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