$20,000
●
House -
Off Market
53 Red Sea Boulevard
Pottsboro, TX 75076
2 Beds
0 Bath
1,021 Ft²
$43,309
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model
About This Property
Walking distance to beautiful Lake Texoma, a sandy beach as well as
the VFW boat launch. 2 bedrooms, split floorplan. Jack
and Jill bathroom. Storage building. Front & rear
decks. 2 car covered parking at front of home. Must qualify
as a Member of the VFW to join and lease the land.
Improvements for sale only. For information on how to become
a member of the VFW or one of the auxiliaries, call the post at
. **PLEASE NOTE THAT PER THE VFW - PURCHASE OF
PROPERTIES CURRENTLY IS ONLY AVAILABLE TO VETERANS OF A FOREIGN WAR
- NO AUXILIARY.
Unit Size
1,021 Ft²
Days on Market
-
Land Size
-
Price per sqft
$29
Property Type
House
Property Taxes
$68
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (NTREIS #14240195)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 27, 2022 | Sold | ||
| Sold | |||
| Nov 2, 2021 | Listed by RE/MAX Signature Properties | $125,500 | |
| Listed by RE/MAX Signature Properties | |||
| | |||
|
Cute, comfortable & walking distance to the beach and to the VFW 7873 club which offers dining, drinks & other activities. This comfortable cabin could be your vacation home or fulltime dwelling. Since purchase, seller has done many quality updates including adding a half bath in the 2nd bedroom, wall AC & heating units, new flooring, master bathroom updates, new interior paint & more. This is a leasehold lot which costs $600 a year. Must be a member of this VFW prior to purchasing home. For information on how to become a member of the VFW or one of the auxiliaries, call Vern Treble at the post 903-786-2400. PURCHASE OF PROPERTY IS ONLY AVAILABLE TO VETERANS OF A FOREIGN WAR & AUXILIARY Members. The fence on the south side of the house is up and in the correct location.
| |||
| Nov 13, 2020 | Sold | ||
| Sold | |||
| Oct 9, 2020 | Listed by Homes By Lainie Real Estate Group | $70,000 | |
| Listed by Homes By Lainie Real Estate Group | |||
| | |||
|
Neat as a pin! Don't miss out on this gem. Walking distance to beautiful Lake Texoma, a sandy beach as well as the VFW boat launch. 2 bedrooms, split floorplan. Jack and Jill bathroom. Storage building. Front & rear decks recently repainted. New roof February 2020. Two car covered parking at front of home. Must qualify as a Member of the VFW to join and lease the land. Improvements for sale only. For information on how to become a member of the VFW or one of the auxiliaries, call the post at 903-786-2400. **PLEASE NOTE THAT PER THE VFW - PURCHASE OF PROPERTY IS ONLY AVAILABLE TO VETERANS OF A FOREIGN WAR & AUXILIARY Members.
| |||
| Feb 11, 2020 | Sold | ||
| Sold | |||
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Property Highlights
Parking Available
Air Conditioning
Comparables
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Type
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Baths
ft²
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About Preston
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Listed by: Lainie Ramsey, Homes By Lainie Real Estate Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14240195
Details provided by NTREIS and may not match the public record
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14240195
Details provided by NTREIS and may not match the public record
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