2371 N Ranch Road 187
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 |
|---|---|---|---|
| Jan 2, 2025 | No longer available | - | |
| No longer available | |||
| Nov 19, 2024 | Sold | ||
| Sold | |||
| Aug 28, 2024 | Listed by Lantana Realty | $650,000 | |
| Listed by Lantana Realty | |||
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AgentRmrks: Please verify Square footage
Remarks: This 12 acre ranchette is for sale minutes from the beautiful Frio River in Concan, Texas, The property is gated with electric gate, completely fenced, located on Ranch to Market Road 187. Between Sabinal and Utopia. A two-story barndominium-style home boast beauty in the center of the property. Sprinkler system front and back. The home is surrounded by a farm field on all sides and features three bedrooms, three full bathrooms, one half bath, plus an office or small game room upstairs, an outdoor kitchen, amazing fireplace (wood burning) and a large patio area that overlooks a manicured lawn. Additional improvements include an insulated barn with a covered parking area, extra hookups for a washer and dryer, bathroom, and AC. The back of the barn also offers an equipment shed ideal for storage. Abundant of wild life!
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| Apr 4, 2023 | Listed by Lantana Realty | $650,000 | |
| Listed by Lantana Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017