28114 Mellman 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 |
|---|---|---|---|
| Jun 3, 2024 | Sold | ||
| Sold | |||
| Apr 17, 2024 | In contract | - | |
| In contract | |||
| Mar 18, 2024 | Listed by Waller County Land Co. | $225,000 | |
| Listed by Waller County Land Co. | |||
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This stunning parcel of land offers the perfect canvas for building your dream home. Situated in a tranquil location with light restrictions & no floodplain, this well drained property promises both peace of mind & endless possibilities. Residential only. 2000 SF minimum, Barndominimum allowed. (See attached restrictions) No hassle of clearing land - this property is already prepared for you to start building your dream home without delay. Close to essential amenities yet far enough away to enjoy the peaceful ambiance of country living. Boundaries are clearly defined with a sturdy, non-climb dog-proof fence surrounding the property. Create the lifestyle you've always dreamed of. Adjoining 2.250 acres also available.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017