531 Park Rd 38
About This Property
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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 |
|---|---|---|---|
| Aug 24, 2023 | Sold | ||
| Sold | |||
| Jun 2, 2023 | Listed by BHGRE Gary Greene | $385,000 | |
| Listed by BHGRE Gary Greene | |||
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Discover serenity in this charming 2-bedroom artist loft open floor plan cabin. Near Stephen F. Austin state park and golf course, with its rustic design and tranquil surroundings this retreat offers a peaceful escape from the city just 45 minutes from Houston, 20 minutes from Katy and two miles from I-10. The home is all electric, modern, with a well-equipped kitchen, water well, and a state-of-the-art septic system. You’ll especially love the working, vintage, Ben Franklin wood burning fireplace along with all the cedar wood details. Upstairs loft has a full bathroom and can also serve as a bedroom. Immerse yourself in nature’s beauty where birds and deer abound. The state park and championship 18-hole golf course and club are 2 minutes away and offer endless fun activities like hiking, biking, golf and fishing on the Brazos River. Four lots have been combined to offer 1.9 acres of paradise. Make this idyllic country home yours.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017