509 Mcfarland 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 |
|---|---|---|---|
| May 27, 2025 | Sold | ||
| Sold | |||
| Feb 16, 2025 | Listed by NE Texas Regional Realty | $206,550 | |
| Listed by NE Texas Regional Realty | |||
| Dec 13, 2023 | No longer available | - | |
| No longer available | |||
| Oct 23, 2023 | Listed by Compass RE Texas, LCC | $260,000 | |
| Listed by Compass RE Texas, LCC | |||
| | |||
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Nestled in the heart of Pilot Point, this charming 2-bedroom, 1-bath home with a single-car garage offers the perfect blend of comfort and classic charm. Its inviting curb appeal features lush greenery and mature trees in the back yard. Inside, an open living area filled with natural light sets the stage for gatherings and relaxation.
The kitchen is well-equipped, and the dining area is perfect for meals and entertaining. Step outside to a large, fully fenced, and tranquil backyard, ideal for morning coffee or barbecues.
Located in a warm and welcoming community, Pilot Point is known for its small-town hospitality and friendly neighbors. This property is close to local amenities, and schools. The manager has listed the unit size as 1025 square feet.
| |||
| Jun 27, 2022 | Sold | ||
| Sold | |||
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About Pilot Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017