3056 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 |
|---|---|---|---|
| May 20, 2024 | Sold | ||
| Sold | |||
| May 4, 2024 | In contract | - | |
| In contract | |||
| Mar 26, 2024 | Listed by Realm Real Estate Professionals - Katy | $79,000 | |
| 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, swimming pool, tennis courts, basketball court, playground, three fishing piers, RV/Boat storage ! This lot is on the beach side with gorgeous bay water view. Beachside community is close to shopping, dining, and entertainment, this property is a slice of paradise waiting for you to call it home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017