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706 Cemetery Avenue
About This Property
Welcome to 706 Cemetery Avenue, Eagle Lake, TX, an excellent opportunity for investors seeking immediate cash flow and future value-add potential. This tenant-occupied property is currently generating $1,100 per month in rental income, providing instant income from the day of closing.
Situated on a spacious lot with mature trees, covered parking, and ample outdoor space, this property offers investors the opportunity to continue collecting rental income while exploring future improvements to increase value and rental returns. The home features a practical floor plan and is conveniently located near local schools, parks, shopping, and major roadways.
Whether you're looking to expand your rental portfolio, acquire your first investment property, or secure a property with long-term potential, 706 Cemetery Avenue presents an affordable opportunity in the Eagle Lake market. Please do not disturb the tenant.
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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 |
|---|---|---|---|
| Jun 18, 2026 | Listed by TAS Realty Group | $120,000 | |
| Listed by TAS Realty Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017