505 First Street
About This Property
Set back far off its winding, tree canopied road, this oasis in the making benefits from a superb, super convenient location whilst retaining a peaceful setting sure to fool you into thinking you're the only one around for miles!
Boasting impressive "stats", the home's 2,984 square foot, single floor layout offers five bedrooms, three bathrooms, a formal living room, den, dual dining rooms, a wet bar, and even a sunroom, all perfectly placed amongst mature trees on 5.75 sprawling acres that's both deep and wide, yielding a fantastic footprint for the property. You simply won't find so much for so little, especially in such a convenient location that is just minutes from all five local hospitals, Baylor University, downtown Waco and even downtown Temple. This distinctive jewel is truly one of a kind!
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Cap Rate Calculator
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 31, 2022 | Sold | ||
| Sold | |||
| Jan 26, 2022 | Listed by The McLeod Company | $450,000 | |
| Listed by The McLeod Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017