5877 Old Castle Way
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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%.
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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 |
|---|---|---|---|
| Jul 26, 2023 | Sold | ||
| Sold | |||
| May 23, 2023 | Listed by Front Real Estate Co - Houston | $1,200,000 | |
| Listed by Front Real Estate Co - Houston | |||
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Showing as of 5/25/2023. Peaceful & tranquil. Creek is spring fed, lots of deer. 5.881 Acres w/ a rural setting right in Conroe. Minutes to I-45, Shopping, Medical Facilities, airport, and restaurants. Book a private tour to see this one of a kind property that offers a secure private rock gated entry, over 4000 sq ft in main house, 3 car garage, 736 Sq ft. cottage, 30x70 Barn, 60x60 shop complete with 50 Amp RV Hook Up Park Inside. Details on each structure attached in documents. Andershire Estates was named after this original homestead, low taxes , no mud tax or HOA fees. Well and Septic on property but city water and sewer are available. 2 50 amp outlets outside for additional RV parking.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017