530 Continental DR
About This Property
Currently zoned for agricultural use, with an AG exemption in place, the lot includes a charming 2-bedroom, 2-bathroom farmhouse. Whether you choose to live in the home while you develop or subdivide the property for greater investment opportunities, the potential is vast. Zoned to highly-rated Navarro ISD. Take advantage of a rare opportunity in a fast-growing area, where development is right around the corner. Explore the possibilities today!
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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 |
|---|---|---|---|
| Jan 30, 2025 | Listed by UCAN LLC | $700,000 | |
| Listed by UCAN LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017