605 SILVER CREEK
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%.
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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 |
|---|---|---|---|
| Nov 4, 2024 | Sold | ||
| Sold | |||
| Jun 27, 2024 | Listed by United Country RE-Bluntzer RE | $574,500 | |
| Listed by United Country RE-Bluntzer RE | |||
| Mar 15, 2022 | No longer available | - | |
| No longer available | |||
| Dec 1, 2021 | Listed by Coldwell Banker Pacesetter Ste | $524,500 | |
| Listed by Coldwell Banker Pacesetter Ste | |||
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Welcome to Silver Creek Road in the community of Papalote Tx,15 Mins from Sinton,50 Mins from Corpus Christi,Goliad, Rockport, & 90 Mins from San Antonio. Scenic 10 acre home tract w 3 bedrooms,2 full baths,2 dining areas, safe-room, concrete flooring, hurricane trampoline covers for windows & doors.G-Tek internet w tower 600 ft N of home, DirectTV & Generac 22KW entire home auto start generator w surge protection. Home construction in 2005 with interconnected concrete form. ICF construction considered one of the strongest building design for hurricane susceptible areas, built to conserve energy resulting in possible lower electric bills & lower home insurance rate. Property has 30+ live oak trees, natural wooded area near Silver Creek for deer, hog and turkey hunting. 150 amp service steel workshop building w 11x12 roll up door includes studio w 1 bedroom, full bath & kitchen washer dryer setup. 100 amp 6 stall barn w plumbing & office/bedroom space. Appointment & more amenities The manager has listed the unit size as 1974 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017