TBD 264 Horizon City #34 Lot 3
About This Property
This property is in an area where there has been some recent development. Currently, there are no zoning restrictions which is great for any immediate plans to build on it or as a buy-and-hold investment. Don't let this opportunity at a great price slip through your fingers!
Use the following Geo-coordinates to locate the land in any mapping software: 31.696272 , -106.127302 OR Latitude N 31°41'46.579'' Longitude W 106°7'38.287''
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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 |
|---|---|---|---|
| Jul 12, 2024 | Sold | ||
| Sold | |||
| Jun 8, 2024 | In contract | - | |
| In contract | |||
| Feb 19, 2024 | Listed by ClearView Realty | $6,850 | |
| Listed by ClearView Realty | |||
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Last Updated: 5 months ago
Data Source: GEPAR, MLS# 896532
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017