2928 Palacios Bay Drive
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 |
|---|---|---|---|
| Jul 23, 2024 | Sold | ||
| Sold | |||
| Jun 20, 2024 | In contract | - | |
| In contract | |||
| Jun 13, 2024 | No longer available | - | |
| No longer available | |||
| Jun 12, 2024 | Listed by Realm Real Estate Professionals - Katy | $50,000 | |
| Listed by Realm Real Estate Professionals - Katy | |||
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Build your home on this beautiful lot in Palacios, Texas! This leveled, build-ready lot is located in a gated community of beachside with concrete roads with curbs, all underground utilities including: electric, water and sewer! High speed internet available as well! Including a clubhouse with swimming pool, tennis courts, basketball courts, playground, fishing pier, RV & Boat parking lot ! This lot is on the water front, it is situated on the left side after entering the community, is on the channel front. Beachside surrounded by three pristine bays, Tres Palacios Bay, Turtle Bay, and Matagorda Bay, the wildlife and sporting opportunities are endless. Beachside is also close to all of the shopping, dining, and entertainment that Palacios has to offer. Don't miss out on this opportunity to own a piece of paradise! You can build now or keep it for investment.
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| Jun 11, 2024 | Price Decreased |
$50,000
↓ $5K
(9.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017