425 Meandering Way
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 |
|---|---|---|---|
| Aug 4, 2021 | Sold | ||
| Sold | |||
| Jul 12, 2021 | Listed by Mike Mazyck Realty | $148,900 | |
| Listed by Mike Mazyck Realty | |||
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Wonderful property includes almost 2 acres outside of the city limits yet still close to the city. Beautiful pecan trees along with a pond. Horses are welcomed and no restrictions, you can build a new home or put in a new mobile home. There is currently a mobile home on the property, new owners can do with it as they like.
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| May 5, 2021 | Sold | ||
| Sold | |||
| Apr 16, 2021 | Listed by Keller Williams Realty DPR | $70,000 | |
| Listed by Keller Williams Realty DPR | |||
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PROPERTY IS UNDER CONTRACT. WENT QUICKLY , MULTIPLE OFFERS WITHING THE 1st HOUR OF LISTING. Welcome to 425 Meandering Way! Situated on almost 2 acres!! In the lovely neighborhood known as Smith acres. Imagine waking up every morning, sipping your coffee in prime serenity and seclusion, surrounded by mature trees and a beautiful pond in back. It doesn't get any more amazing than this. 10 minutes outside of Rockwall, Tx. Lot does have a old mobile home on the property that is no longer habitable according to current owner.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017