Lot 64 Longbow Lane
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 |
|---|---|---|---|
| Sep 18, 2026 | Price Decreased |
$195,000
↓ $20K
(9.3%) | |
| Price Decreased | |||
| May 18, 2026 | Listed by RE/MAX Leading Edge | $215,000 | |
| Listed by RE/MAX Leading Edge | |||
| Dec 22, 2025 | No longer available | - | |
| No longer available | |||
| Sep 16, 2025 | Price Decreased |
$217,000
↓ $12K
(5.2%) | |
| Price Decreased | |||
| Jul 15, 2025 | Listed by eXp Realty | $229,000 | |
| Listed by eXp Realty | |||
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Welcome to Lot 64, in the beautiful Indian Hills subdivision of Fredericksburg, Texas! This prime corner lot, located at the intersection of Longbow and Badger, offers a perfect blend of nature and convenience, with views on all sides. The property boast mature trees that provide shade an character. A partially cleared, level homesite offers the perfect setting to build the home you have dreamed of with wraparound porches to fully embrace the sweeping Hill Country views. This gated community also provides a community well for residence, no city taxes, ag exemptions, grazing sheep, picnic pavilion, with BBQ fire pit, horseshoes, etc. Only 20 minutes from the city center of Fredericksburg. Indian Hills subdivision encompasses 250 acres of rural, ag-exempt land situated between Fredericksburg and Harper Texas. Wineries, shops and cultural attractions only a few minutes away.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017