515 Luella Road
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 23, 2021 | Sold | ||
| Sold | |||
| Jul 20, 2020 | Listed by Bill French Properties | $1,875,000 | |
| Listed by Bill French Properties | |||
| | |||
|
Great location and very close to lots of new and exciting growth in beautiful Sherman Tx.
| |||
| Dec 27, 2018 | No longer available | - | |
| No longer available | |||
| Sep 6, 2018 | Listed | $1,923,800 | |
| Listed | |||
| | |||
|
LARGE TRACT OF LAND CURRENTLY USED FOR AG PURPOSES UNLIMITED POTENTIAL
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017