319 Chenango 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 |
|---|---|---|---|
| Jan 18, 2022 | Sold | ||
| Sold | |||
| Mar 7, 2021 | Listed by Stanfield Properties | $99,500 | |
| Listed by Stanfield Properties | |||
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Unique 1.6-acre lot in deed-restricted Chenango Ranch offers the flexibility to bring your own builder and dual access points, with Chenango Ranch Drive in the front of the property and Jumbo Lane at the rear. Located completely out of the flood zone, this property boasts a low 2.07% tax rate & no MUD tax, enabling your building dollars to stretch even further. Desire more property? The adjoining 2 acres at 403 Chenango Drive are available for purchase and can be combined with this property. If you are looking to escape the hustle and bustle of the city and build your dream home amidst wide-open spaces with an occasional herd of deer in your yard, take the short drive out to see this opportunity! Just a short drive to Angleton, Pearland, Freeport, Surfside Beach, and will be minutes from the proposed Grand Parkway. Deed Restrictions available upon request.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017