Tract 53.1 Hwy 31
About This Property
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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 |
|---|---|---|---|
| May 27, 2026 | Listed by Ebby Halliday, REALTORS | $164,549 | |
| Listed by Ebby Halliday, REALTORS | |||
| Nov 21, 2024 | No longer available | - | |
| No longer available | |||
| Mar 8, 2024 | Listed by Ebby Halliday, REALTORS | $141,042 | |
| Listed by Ebby Halliday, REALTORS | |||
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This could be your little piece of heaven. Beautiful treed serene setting with rolling terrain! This land will enchant you while you are viewing it. Great access to Hwy 31! Lots of opportunities! Pick a spot to build your dream home! Culvert added recently, see photo. Buyers will want to the call Smith County with all questions and concerns regarding this wonderful acreage. Seller has a plat, buyer will need to purchase a survey, if you want a survey.
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| Oct 18, 2023 | No longer available | - | |
| No longer available | |||
| Sep 14, 2023 | Price Decreased |
$199,995
↓ $8K
(3.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017