316 Joanne Drive
About This Property
The generous 1.4-acre homesite offers endless possibilities to create the outdoor space you've been looking for, with room for additional improvements, a workshop, storage, or outdoor living areas, subject to applicable restrictions and requirements. Enjoy a quieter lifestyle away from the congestion of the city while remaining within an easy drive of shopping, dining, schools, and everyday conveniences.
For qualified buyers, this property is eligible for VA financing with zero down, making homeownership on acreage even more attainable. Property will not qualify for FHA financing, it has been moved. Whether you're searching for your primary residence, a country retreat, or simply more land and breathing room, this Gholson ISD property is one you'll want to see. Schedule your private showing and come experience the possibilities of country living near Homestead Heritage!
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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 |
|---|---|---|---|
| Aug 27, 2026 | Listed by Texas Premier Realty | $189,900 | |
| Listed by Texas Premier Realty | |||
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 24, 2025 | In contract | - | |
| In contract | |||
| Jul 14, 2025 | Relisted | $90,000 | |
| Relisted | |||
| May 9, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017