3155-B Orchard Drive
About This Property
This is a great opportunity to purchase 14 +/- acres out of a beautiful 61 +/- acre property located at the end of Orchard Drive in the highly sought-after Orchard development just a few minutes west of Wharton. The property has been immaculately maintained and ready for your dream ranchette. Light restrictions are in place to maintain property values, currently under ag exemption and has improved pastures with scattered live oaks. Electrical utilities available, buyers will need to have well & septic installed! See images for Parcel References! The property is located at the end of Orchard Drive in the Orchard development, minutes from downtown Wharton, approx 30 minutes from Rosenberg and within an hour of Houston. Easy access via Hwy 59, Hwy 60, Hwy 90 and FM 102.
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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 25, 2022 | Sold | ||
| Sold | |||
| Mar 21, 2022 | Listed by Jacobs Properties | $226,000 | |
| Listed by Jacobs Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017