3035 Corolla 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 |
|---|---|---|---|
| Jan 1, 2025 | No longer available | - | |
| No longer available | |||
| Jul 29, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Jul 15, 2024 | No longer available | - | |
| No longer available | |||
| Jul 14, 2024 | Listed by Compass RE Texas, LLC - Memorial | $1,000,000 | |
| Listed by Compass RE Texas, LLC - Memorial | |||
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This is a true Texas home, perfect for those seeking a genuine ranch lifestyle without overwhelming acreage. Meticulously renovated, this property features an oversized insulated 25x40 shop, a chef's kitchen with a 48' 8-burner range, and a sparkling pool. The property includes a two-stall horse barn with a tack room and two adjacent fenced paddocks.
Inside, you'll find a welcoming and bright sunken living room with cathedral ceilings and a wood-burning fireplace, open-concept living, and a luxurious owner's retreat. A whole-home generator with a dedicated (and owned) propane tank ensures you'll never be without power. The attached guest apartment offers space for multi-generational living or potential rental income.
This property is not for the city slicker; it's for those who dream of wide-open spaces, the smell of fresh hay, and the sound of horses in the morning. Don't miss the chance to embrace the Texas ranch lifestyle on this exceptional estate!
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| May 22, 2024 | Price Decreased |
$1,050,000
↓ $50K
(4.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017