LOT 5 STATE HWY 97
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 |
|---|---|---|---|
| Aug 29, 2023 | Sold | ||
| Sold | |||
| Nov 4, 2022 | Listed by Keller Williams Heritage | $139,900 | |
| Listed by Keller Williams Heritage | |||
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Tract 5 - 10.81 acres Charlotte, TX Come check out this tract just minutes out of Charlotte, TX and roughly 45 minutes from the Alamo in San Antonio off paved HWY 97. Private custom gate entrance will open you to a new caliche private road to your tract. Very regular shaped tracts that are not long and slender. This property has giant oak trees and great brush along a creek that meanders through the property which makes this tract incredibly beautiful, unique vista for South Texas. Rich red productive soil. Abundance of ground water in the area to drill a water well. Huge perimeter neighbors for privacy. Incredible abundance of wildlife including whitetail deer, turkey, hogs, dove, quail, with very little hunting pressure. With power available at the property, this property can be used for a weekend getaway or a permanent residence. Property is currently wildlife exempt for low taxes. Additional acreage and tracts are available!!!
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| Sep 24, 2009 | Sold | ||
| Sold | |||
| May 23, 2008 | Listed by Belmares Properties, L.L.C. | $50,000 | |
| Listed by Belmares Properties, L.L.C. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017