48 County Road 2205
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 |
|---|---|---|---|
| Nov 23, 2022 | Sold | ||
| Sold | |||
| May 10, 2022 | Listed by RE/MAX Associates Northeast | $349,800 | |
| Listed by RE/MAX Associates Northeast | |||
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Amazing opportunity to own 10.61 acres on the corner of FM 787 and CR 2205! Liberty County, Tarkington ISD, Low Taxes AND no restrictions! This UNRESTRICTED PROPERTY is mostly wooded with the exception of the manicured space around the mobile home and driveway. There are some cleared walking trails through a portion of the property. The mobile home is in need of some TLC. Fridge, washer & dryer, storage building, and security cameras convey with the property. The property features a water well and septic. Septic was pumped out in May 2021. There's no flooding so you can build your dream home or build your business here in this great location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017