27370 Rocking R Street
About This Property
Located in Splendora, TX, this property is in a great location for anyone looking to take advantage of all the area has to offer. With easy access to major highways and amenities like ballparks and playgrounds, this home is sure to be a great investment for anyone looking to purchase a property in the area. The workshop is 14x40 and has water access to the back of the building with a sink.
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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 23, 2024 | Sold | ||
| Sold | |||
| Jan 6, 2024 | In contract | - | |
| In contract | |||
| Oct 12, 2023 | Listed by Keller Williams Realty The Woodlands | $100,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017