0310 Magnolia Ranch 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 14, 2025 | Sold | ||
| Sold | |||
| Mar 13, 2025 | In contract | - | |
| In contract | |||
| Jan 21, 2025 | Listed by Premier Property Group | $233,920 | |
| Listed by Premier Property Group | |||
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Phase 3, Lot 10, offers 10.88 acres of peaceful, wooded land at the end of a cul-de-sac in the exclusive gated community of Magnolia Creek Ranch, blending natural beauty with modern amenities for the ultimate East Texas lifestyle. This expansive lot, featuring a developed pond, provides the perfect location for your dream home or private recreational retreat, with the privacy and security of a gated entrance. Magnolia Creek Ranch is home to top-tier amenities, including a pavilion, scenic walking trails, and a serene retention pond. The lot is infrastructure-ready, with electric and fiber optic connections already in place. Experience the perfect balance of seclusion and convenience, making it an ideal choice for those seeking both tranquility and accessibility.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017