4539 County Road 306
About This Property
The seller is pricing the property as a lot only, which means they are not factoring in the value of the structures. Buyers should be aware that they are essentially paying for the land itself.
Seller is not providing any warranties or disclosures about the 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 |
|---|---|---|---|
| Feb 28, 2024 | Sold | ||
| Sold | |||
| Feb 5, 2024 | In contract | - | |
| In contract | |||
| Aug 27, 2023 | Listed by Texas Team Real Estate | $75,000 | |
| Listed by Texas Team Real Estate | |||
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This property one full acre, and located on a quiet street, which can be appealing to buyers looking for a peaceful environment. There are structures on the property that may need repairs or just demolished. This lot itself has the potential to be lovely. This suggests that with the right investment and effort, a buyer could transform the property into something appealing. There is a 300-year-old oak tree on the property that provides shade. Additionally, the back area of the lot is fenced, which can be useful for privacy or security. The property has a pump house, which may or may not be in working condition. This could be important for individuals looking to establish a well or irrigation system on the property.
The seller is pricing the property as a lot only, which means they are not factoring in the value of the structures. Buyers should be aware that they are essentially paying for the land itself.
Seller is not providing any warranties or disclosures about the property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017