270 County Road 5011
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 |
|---|---|---|---|
| Aug 9, 2023 | No longer available | - | |
| No longer available | |||
| Aug 1, 2023 | Listed by Century 21 Pattesron | $350,000 | |
| Listed by Century 21 Pattesron | |||
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Great investment property located in the high growth area of Northeast Texas. This 2+ acre property fronts Hwy 78 and CR 5011 and only minutes from Hwy 121 for easy access to the Dallas Metroplex. If it is time for you to invest in the fast moving investment corridor on the north side of the Frisco and Melissa area this could be the place. What is the saying Buy Dirt they aren't making anymore of it? Its true and it isn't getting cheaper either! This property provides an exceptional investment opportunity as it can subdivided for future purposes, or keep it together and the entire property can have numerous uses.
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| Jul 14, 2023 | Sold | ||
| Sold | |||
| Jun 30, 2023 | Listed by Coldwell Banker Apex, REALTORS | $270,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
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Welcome home to this quiet country property! This home offers 3 beds, 2 baths and plenty of living space! You will find built in shelves, storage within the island and plenty of closet and additional storage space throughout. Enjoy endless opportunities to create your dream backyard escape. Want a farm? Bring your goats and chickens! Want to add a pool or shed? You can do that too! Enjoy the tranquil peace under the night sky on your 1.5+ acres outside of the city. With 121 just minutes away and a quick 20 minute drive to McKinney, this property offers both privacy and convenience. Come take a look and fall in love!
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| Mar 8, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017