491 Engel 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 |
|---|---|---|---|
| May 3, 2023 | Sold | ||
| Sold | |||
| Mar 15, 2023 | Listed by Weichert, REALTORS - Corwin & | $599,999 | |
| Listed by Weichert, REALTORS - Corwin & | |||
| Sep 9, 2020 | No longer available | - | |
| No longer available | |||
| Mar 17, 2020 | Price Decreased |
$615,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Sep 7, 2019 | Listed | $625,000 | |
| Listed | |||
| | |||
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A rare find- 5 plus acres within the New Braunfels City limits! The property includes a 1475 square foot single-story 3-bedroom 2 bath home on a little over 5 acres. Value is placed on the land more than the home. The front of the property has mature pecan trees and other fruit trees. Currently zoned APD (Agriculture Pre-development District) but has the potential for commercial use. There are several business parks with mixed-use zoning in the area. The manager has listed the unit size as 1475 square feet.
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About Comal
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$1,699 /mo
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$1,799 /mo
- 4 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017