301 E Walnut Street
About This Property
Conveniently situated near US-175, this property offers easy access to Mabank and surrounding communities while maintaining the appeal of a spacious residential lot. The level topography makes the land easy to envision and plan, while the approximately 0.29-acre size provides room for a variety of possibilities. Buyers interested in manufactured housing should independently verify whether manufactured or mobile homes are permitted on the property, as this information has not been confirmed with the appropriate authority. Whether you're looking for a homesite, investment property, or a place to establish your next project, this lot is worth a closer look. Bring your vision and explore the potential this Mabank property has to offer.
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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 26, 2026 | Listed by Keller Williams Realty-Tyler | $20,000 | |
| Listed by Keller Williams Realty-Tyler | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017