492 County Road 322
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 |
|---|---|---|---|
| Apr 21, 2021 | Sold | ||
| Sold | |||
| Nov 17, 2020 | Listed by Sendero Properties LLC | $299,900 | |
| Listed by Sendero Properties LLC | |||
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Absolute privacy awaits you at the end of the paved county road. This 6.97 acre property is the perfect spot to retreat to, tucked into Live Oak & Red Oak Trees. 2 bedrooms, 2 bathrooms & 1,322 sqft (per owners). The owners have completely remodeled the residence with new plumbing, new stucco siding, new vinyl plank flooring, new windows, new metal roof, painted cabinets, and granite counters. The large wooden deck could be enjoyed with a morning cup of coffee or glass of wine in the evening. Did I mention the Oak Trees? Wow, they are a show stopper! This property includes an active water well and water meter. 30x40 insulated shop with electricity. RV Hookup. Merkel ISD. Buyer to verify all measurements.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017