TBD 515 Lum Road Road
About This Property
Property's legal description is 2.5 acres, however seller is only selling 2 acres of this property. Any interested buyer must pay for a replat to separate the 2 acres, already approved by the city of Kendleton. Agent has a surveyor that has measured out the lots ready for the buyer. By appointment only. There is no entry through Lum Road. You will find property off of Wright Road. Gate is electric, please do not attempt to open.
See driving directions for specific details. Please call Jennifer Hernandez for an appointment or call your own agent.
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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 |
|---|---|---|---|
| Dec 15, 2023 | Sold | ||
| Sold | |||
| Jul 6, 2023 | Listed by Powers Real Estate | $100,000 | |
| Listed by Powers Real Estate | |||
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Country living in Kendleton Texas (Beasley). This is a fixer upper, 2-bedroom 1 bath. Home is in need of repair. Lot sits on aproximately .477 acres. Interested parties are encouraged to do their own due diligence concerning lot measurements and zoning restrictions of the property. Appraisal District shows 2.50 acres, however these lots have recently been separated.
Rebuild this home or start from scratch and build your own beautiful country home. Just minutes from US-59, but still able to enjoy the country scene. Please call for an appointment to see this property.
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| Apr 21, 2023 | Sold | ||
| Sold | |||
| Dec 9, 2022 | Listed by Country Pride Real Estate | $120,000 | |
| Listed by Country Pride Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017