Tract 5 Private Road 648 Street
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 |
|---|---|---|---|
| Sep 22, 2025 | Sold | ||
| Sold | |||
| Sep 16, 2025 | In contract | - | |
| In contract | |||
| Mar 23, 2025 | Listed by TopWater Real Estate LLC | $250,000 | |
| Listed by TopWater Real Estate LLC | |||
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Stunning 25-acre property near Cedar Lake located just 30 minutes from Lake Jackson and Bay City and only 8 miles to Sargent Beach. This secluded property is at the end of a private gated road ensuring maximum privacy. The land features beautiful mature live oak trees scattered throughout creating a peaceful environment. A slough runs through part of the property attracting waterfowl during wet periods making it perfect for birdwatching and wildlife enthusiasts. Surrounded by a large ranch you'll enjoy additional privacy and frequent sightings of deer and other local wildlife. Property owners have partial access to a private boat ramp and pier along Cedar Lake Creek ideal for outdoor adventures. Barndominiums and mobile homes are welcome making this a versatile property to create your dream home or retreat. This land offers endless possibilities for recreation or quiet living.
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| Aug 28, 2023 | Sold | ||
| Sold | |||
| Jul 28, 2023 | Listed by Birdsong Real Estate | $250,000 | |
| Listed by Birdsong Real Estate | |||
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25 acres located near Cedar Lake and less than 30 mins to Lake Jackson. Perfect spot for the outdoor enthusiast and nature lover. Property offers a level of privacy not readily found, being located at the end of a private gated road. Massive live oaks cover the entire property! Slough meanders through the middle and splits in two directions. During wet times, the slough will hold some water and attract water fowl. Large neighboring ranch to the east helps ensure additional privacy and a big supply of deer and hogs. Owners also have a partial interest in the private boat ramp and pier located along Cedar Lake Creek. Great location for you new home or deer camp - barndominiums and mobile homes are also welcome. Call today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017