23669 Loop 494
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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 |
|---|---|---|---|
| Jun 28, 2023 | Sold | ||
| Sold | |||
| Apr 20, 2022 | Listed by Anne Vickery & Associates | $529,900 | |
| Listed by Anne Vickery & Associates | |||
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Ideal location for residential, townhome or multi-family development. 1.23-Ac fenced lot w/ great frontage on high traffic Loop 494 offering easy access to FM 1314 and I-69 (Hwy 59), Home Depot, Wal-Mart & Spec’s Liquor and other retail close by, property is located in Opportunity Zone and near Upcoming Valley Ranch Medical District, Valley Ranch Town Center & Grand Pkwy (Hwy 99), in this High Growth Area of East Montgomery County.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017