6416 Septimo Street
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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.
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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 |
|---|---|---|---|
| Aug 16, 2024 | Sold | ||
| Sold | |||
| May 30, 2024 | In contract | - | |
| In contract | |||
| Jan 29, 2024 | Listed by Realty Associates | $80,000 | |
| Listed by Realty Associates | |||
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Corner lots ready for move in. A mobile home recently removed. There is electricity ready for connection as well a maintained septic system. This sale includes two lots. Septimo lot is 11,073 sq. ft and Octavio is 11,509 sq. ft. according to appraisal district. For a total of 22,582 sq ft. Lots are fenced in together, with lots of mature trees and kept up yard.
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About Brazoria
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Last Updated: 5 months ago
Data Source: HAR , MLS# 6951130
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017