4827 Ike Franks Road
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 |
|---|---|---|---|
| Dec 4, 2023 | Sold | ||
| Sold | |||
| Nov 1, 2023 | Listed by Compass RE Texas, LLC - The Woodlands | $110,000 | |
| Listed by Compass RE Texas, LLC - The Woodlands | |||
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Live your best life with country living on 1.62 acres! Build your dream home on this lush tract that has 100 feet of ROAD FRONTAGE. Quality improvements such as a gravel driveway, culvert, fencing in the front, and front gate. Enjoy the lifestyle with getting farm fresh eggs from Ken’s Hens, fresh milk from Healthy Way Dairy, landscaping from Jimbo’s Nursery, or sipping on local wine from Haak Vineyards. Located just a short drive to Galveston Island, Clear Lake, and Houston approximately 30 – 40 minutes! Low tax rate, Unrestricted, No HOA, Not in a Flood Zone! Schedule an appointment today to view this stunning property!
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About Galveston
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Last Updated: 5 months ago
Data Source: HAR , MLS# 21949737
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