487 LANTANA MESA
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 |
|---|---|---|---|
| Feb 26, 2021 | Sold | ||
| Sold | |||
| Aug 18, 2020 | Listed by Niemeyer & Associates, REALTORS | $120,000 | |
| Listed by Niemeyer & Associates, REALTORS | |||
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Views Views Views! A must see in person! Mostly level lot with country and city views located in the gated Lantana Ridge Subdivision. Septic required and water system available for hookup. Lots of space to build dream home as well as pool and casita. Many possibilities with this lot in a growing Spring Branch area. Last lot with a view, bring your own builder and come check out the endless possibilities.
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| Jul 27, 2020 | Sold | ||
| Sold | |||
| Jul 3, 2020 | Listed by Home Team of America | $78,900 | |
| Listed by Home Team of America | |||
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Last one with a view on Lantna Mesa!!! Come build your Dream Home. Views Views. Lot has been partially cleared.
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| Aug 1, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017