520 N El Paso Avenue
About This Property
About Tulia, TX
Tulia is a quiet, small-town community nestled between Amarillo and Lubbock, offering a peaceful lifestyle with easy access to the major cities. Known for its friendly atmosphere and affordable living, Tulia is a great place for investment opportunities in an emerging market.
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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 |
|---|---|---|---|
| Nov 27, 2024 | Sold | ||
| Sold | |||
| Oct 31, 2024 | In contract | - | |
| In contract | |||
| Oct 29, 2024 | Price Decreased |
$18,000
↓ $1K
(5.3%) | |
| Price Decreased | |||
| Oct 25, 2024 | Price Increased |
$19,000
↑ $1K
(5.6%) | |
| Price Increased | |||
| Oct 17, 2024 | Listed by Beycome Brokerage Realty, LLC | $18,000 | |
| Listed by Beycome Brokerage Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017