309 Oak Forest 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 |
|---|---|---|---|
| Mar 28, 2022 | Sold | ||
| Sold | |||
| Feb 24, 2022 | Listed by Oro Realty | $32,500 | |
| Listed by Oro Realty | |||
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Secluded lot in Oak Forest Subdivision just minutes from Birch Creek State Park and Lake Somerville. Use this 0.69 acre property for weekend, recreational use or as your new homestead. RV's, tiny homes and manufactured homes are welcome! Electric is at the street and public water is available.
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| Jul 27, 2021 | No longer available | - | |
| No longer available | |||
| Jul 2, 2021 | Listed by Oro Realty | $32,000 | |
| Listed by Oro Realty | |||
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Great lot in a rural subdivision near lake Somerville and Birch Creek Park. This wooded lot is 0.69 acres of oak, elm, cedar and other native trees and has 150' of road frontage. Lightly restricted but tiny homes, manufactured homes and RV's are allowed and NO HOA. Community water and electric are available nearby. This lot is located about 20 minutes to Brenham and approximately 1hour 15 minutes to Houston which makes it an easy drive for a weekend full of fun. Birch Creek State Park offers access to the lake for fishing, boating, paddling and swimming. On land, you can camp, picnic, hike, ride mountain bikes, geocache, and go birding. Explore miles of multiuse trails.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017