2504 S Fm 331 Road
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 |
|---|---|---|---|
| Nov 23, 2022 | Sold | ||
| Sold | |||
| Nov 7, 2022 | Listed by RE/MAX Grand | $325,000 | |
| Listed by RE/MAX Grand | |||
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This unique 12 acre property has endless possibilities located just north of Sealy. It features 3 bedrooms 2 bathrooms in the main house and a garage apt. Great for living, weekend get aways or farming the 12+ acres. The barn has office area and office storage beside the barn area. The huge trees that surround the homestead are beautiful. This home does need some work and is priced below market and tax values for that reason. Two covered porches looking out over the land and the creek off to the side of the property. Original hardwood floors on the first level with plank siding inside. The house has that historic feel with some modern upgrades. Take a look at the old windmill and image the kids running around the yard playing. Bring the horses or 4 wheelers. This property is not going to last long at this price. Get the value from a little work. At the moment the bridge is under construction so you will need to access from FM 529. Completion time is expect to be done Jan. 2023
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017