40
Map
391 Thousand Oaks DR
About This Property
The main home provides for 3 bedrooms, 2.5 bathrooms, an open floor plan and lovely wrap around porches on both levels to enjoy sunsets and views. Each home is on its own electric, propane and septic. Recent updates to main house include new hickory flooring, lighting fixtures, and updated stair and bathroom tile. This home is well constructed with 4x4 and 4x6 framing, pine milled trim pulled from the trees on the property all done by original owner and includes a storm cellar. There is an oversized garage below the STR with endless possibility for storage, building out a workshop, or constructing another STR. The land allows for horses, goats, dogs, cats and chickens. If your buyer is interested, the Seller also owns 5+ acres adjacent to this listing with 3 other homes, so please inquire for more details.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 19, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Nov 21, 2024 | Price Decreased |
$574,900
↓ $15K
(2.6%) | |
| Price Decreased | |||
| Sep 22, 2024 | Price Decreased |
$589,999
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Aug 23, 2024 | Listed by Compass RE Texas, LLC | $595,000 | |
| Listed by Compass RE Texas, LLC | |||
| Aug 15, 2024 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017