440 COUNTY ROAD 494
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%.
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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 |
|---|---|---|---|
| Mar 27, 2024 | Sold | ||
| Sold | |||
| Oct 5, 2023 | Listed by RIDGETEX REALTY | $695,000 | |
| Listed by RIDGETEX REALTY | |||
| Mar 25, 2023 | No longer available | - | |
| No longer available | |||
| Aug 27, 2022 | Price Decreased |
$529,000
↓ $40K
(7%) | |
| Price Decreased | |||
| May 20, 2022 | Listed by RidgeTex Realty | $569,000 | |
| Listed by RidgeTex Realty | |||
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This place has one of the best views in Erath county, you can see almost all of Stephenville. the land is sandy loam and is perfect for a horse facility. The house needs some work, that is why we have priced it right at $100 per square foot. Sets on a paved county road and just 5 minutes from downtown Stephenville, and the new arena. It has a new pump in the well, and a cool windmill. Have to see to appreciate. Also, has a old barn that adds great character to the place. BE SURE TO WATCH VIDEO!!! The manager has listed the unit size as 2214 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017