237 CR 478
About This Property
Welcome to this stunning 2.83-acre parcel in the highly sought-after Lakewood community, just south of Centerville, Texas. This picturesque lot offers the perfect blend of rural charm and modern convenience. With scattered oak trees dotting the immaculate pasture, this property provides both beauty and privacy. The land is fenced on three sides, offering a great start for your future homestead or getaway. Enjoy the ease of paved County Road frontage, ensuring convenient access and a seamless connection to nearby amenities. Water and electricity are readily available at the road, making this an ideal spot to build your dream home or investment 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 |
|---|---|---|---|
| Sep 12, 2024 | Sold | ||
| Sold | |||
| Aug 16, 2024 | In contract | - | |
| In contract | |||
| Aug 14, 2024 | Listed by Circle T Realty | $56,600 | |
| Listed by Circle T Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017