401 Pepper Lane
About This Property
Convenient access to FM 1885 and nearby utilities adds to the property's appeal while preserving its quiet, country atmosphere. Access to the property will be established through a private road agreement, with an easement along the southern and western boundaries of the owner's property providing a connection to Pepper Lane. The seller plans to implement reasonable deed restrictions to help protect the long-term value of the property. Flexible ownership options may also be available, including potential seller partnerships or creative purchase arrangements.
Rarely do properties offering this combination of acreage, privacy, and location become available in Peaster ISD. Bring your ideas and see what's possible.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$479,000
↓ $20K
(4%) | |
| Price Decreased | |||
| Aug 7, 2026 | Listed by Home Grown Group Realty, LLC | $499,000 | |
| Listed by Home Grown Group Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017