$90,000
●
House -
Off Market
571 RS County Road 1531
Point, TX 75472
2 Beds
1 Bath
640 Ft²
$127,688
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
Super cute cabin with water view of Lake Tawakoni. Located in the
Cedar Creek subdivision which is a small lake community with older
but nice houses. This private lake community has a private boat
ramp with parking picnic area if you participate in the voluntary
small yearly HOA fee. This sweet little cabin has 2 bedrooms and 1
bathroom with shower and tub combo. Living room has 2 sliding glass
doors out to a nice deck that overlooks the lake. Back yard has a
small fenced area for pets. Empty lots on both sides and in back of
house means your neighbors are not right on top of you. This house
has a metal roof
and new electrical, plumbing, ceiling fans and other updates made in 2018.
and new electrical, plumbing, ceiling fans and other updates made in 2018.
Unit Size
640 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$164
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1980
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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: 5 months ago (NTREIS #14534877)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 16, 2021 | Sold | ||
| Sold | |||
| Apr 1, 2021 | No longer available | - | |
| No longer available | |||
| Mar 17, 2021 | Listed by Texas Premier Realty | $105,000 | |
| Listed by Texas Premier Realty | |||
| | |||
|
Super cute cabin with water view of Lake Tawakoni. Located in the Cedar Creek subdivision which is a small lake community with older but nice houses. This private lake community has a private boat ramp with parking picnic area if you participate in the voluntary small yearly HOA fee. This sweet little cabin has 2 bedrooms and 1 bathroom with shower and tub combo. Living room has 2 sliding glass doors out to a nice deck that overlooks the lake. Back yard has a small fenced area for pets. Empty lots on both sides and in back of house means your neighbors are not right on top of you. This house has a metal roof
and new electrical, plumbing, ceiling fans and other updates made in 2018.
| |||
| Mar 11, 2021 | Price Decreased |
$105,000
↓ $10K
(8.7%) | |
| Price Decreased | |||
| Feb 25, 2021 | Listed | $115,000 | |
| Listed | |||
| | |||
|
Super cute cabin with water view of Lake Tawakoni. Located in the Cedar Creek subdivision which is a small lake community with older but nice houses. This private lake community has a private boat ramp with parking picnic area if you participate in the voluntary small yearly HOA fee. This sweet little cabin has 2 bedrooms and 1 bathroom with shower and tub combo. Living room has 2 sliding glass doors out to a nice deck that overlooks the lake. Back yard has a small fenced area for pets. Empty lots on both sides and in back of house means your neighbors are not right on top of you. This house has a metal roof and new electrical, plumbing, ceiling fans and other updates made in 2018. Come make this your little lake hideaway cottage before it's gone. The manager has listed the unit size as 640 square feet.
| |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About Rains
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Listed by: Pam Blount, Texas Premier Realty
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14534877
Details provided by NTREIS and may not match the public record
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14534877
Details provided by NTREIS and may not match the public record
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