545 Cranberry Road
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 |
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| Dec 13, 2024 | Sold | ||
| Sold | |||
| Nov 22, 2024 | In contract | - | |
| In contract | |||
| Sep 2, 2024 | Listed by Keller Williams Realty Brazos Valley office | $78,613 | |
| Listed by Keller Williams Realty Brazos Valley office | |||
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Motivated sellers will entertain ALL offers! Rustic Studio Cabin Near Lake Somerville Immerse yourself in the charm of nature with this rustic, studio cabin, ideally located just moments from Lake Somerville. Improved land with water, septic, electricity and small livable bardominium with working basic appliances. The studio-style layout combines living, dining, and sleeping areas into one inviting space. Prepare meals in the compact kitchenette, equipped with space for essential full-size appliances. The cabin includes a full bathroom with a shower/tub combo. The spacious yard provides ample room for outdoor activities and relaxation. This property has 2 separate RV hookups. There is a 50 Amp Service on the right of the structure and a 30 Amp Service on the left side. Just a short drive from Lake Somerville, this property offers easy access to a range of outdoor activities including fishing, boating, and swimming.
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| Jan 28, 2022 | Sold | ||
| Sold | |||
| Nov 8, 2021 | Listed by Prime Texas Properties | $65,000 | |
| Listed by Prime Texas Properties | |||
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Perfect opportunity to Purchase your Dream Vacation Spot at Lake Somerville! Just 90 minutes from Houston, 45 Minutes from College Station. This 0.69 Acres Property is Private, has Community Water, Septic System & Electricity. Property Features: New Gate, New Fence, Brand New DSL , New Phone Installed so you keep in touch with everyone while being away from it all. Newly added Septic/Sewer Installed for worry free Utilities. W/D Stay! Comfort Features: Ceiling Fan, Water Heater, Full Bath Shower/Tub Combo, New Cold AC/Heater. Fridge & Microwave stay, Furniture is Negotiable. Property is Groomed & Cleared with Mature Trees. Never Flooded. Unit large enough to store your boat & jet skis. Minutes away from the lake which offers access for fishing, boating, swimming or you can camp, picnic, hike, mountain bike, etc. Explore miles of multi-use trails. A 13-mile Lake Somerville Trailway connects Birch Creek to Nail Creek parks. RVs not included. Contact Listing Agent for Showing Instructions
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017