5881 W Hwy 190
About This Property
Please see TxDOT Schematics on I14 conversion, PDFs located in supplements.
Land is separated in BellCAD as 22 individual lots. (Property IDs: 16) Buyer resposible for zoning changes. Zone Changes are heard montly at the City of Belton, $250 application fee.
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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 |
|---|---|---|---|
| Apr 3, 2023 | Sold | ||
| Sold | |||
| Sep 9, 2022 | No longer available | - | |
| No longer available | |||
| Jul 22, 2022 | Listed by Keller Williams Realty - Waco | $1,500,000 | |
| Listed by Keller Williams Realty - Waco | |||
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Come take a look at this; prime, level, corner lot with exceptional frontage. This 7.02 acre property is situated perfectly between the on and off ramp of newly named I-14, formally State Hwy 190. The property has water currently supplied by co-op Dodridge Water Supply, currently requires septic for waste water with easy access to electrical. Don't miss out on this great investment opportunity! Please see TxDOT Schematics on I14 conversion. Land is separated in BellCAD as 22 individual lots. (Property IDs: 101895-101916) Buyer responsible for zoning changes. Zone Changes are heard monthly at the City of Belton, $250 application fee.
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| May 9, 2022 | Listed by Keller Williams Advantage | $1,500,000 | |
| Listed by Keller Williams Advantage | |||
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About Belton
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20046612
Details provided by NTREIS and may not match the public record
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