500 County Road 315 RD
About This Property
The land has oak groves and hardwood trees. Picturesque views. Located near the proposed Ronald Reagan Road extension. Adjacent to the developing Eastwood subdivision. Close to elementary school and I-35. A well & septic are needed. Currently, there is no public water available.
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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| Feb 16, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Jul 5, 2023 | Listed by FULL CIRCLE RE | $3,508,115 | |
| Listed by FULL CIRCLE RE | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| May 4, 2021 | Listed | $810,000 | |
| Listed | |||
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27 Acres with oak groves and hardwood trees. Picturesque views. Located near the proposed Ronald Reagan Road extension. Close to elementary school and I-35. Development potential. Well & septic needed, currently no public water available.
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| Apr 9, 2021 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017