707 Central Avenue
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 |
|---|---|---|---|
| Jun 10, 2024 | Sold | ||
| Sold | |||
| May 31, 2024 | In contract | - | |
| In contract | |||
| May 22, 2024 | Price Decreased |
$135,000
↓ $15K
(10%) | |
| Price Decreased | |||
| May 10, 2024 | Price Decreased |
$150,000
↓ $5K
(3.2%) | |
| Price Decreased | |||
| May 6, 2024 | Listed by Elite Real Estate Texas | $155,000 | |
| Listed by Elite Real Estate Texas | |||
| | |||
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Calling all investors or first time home owners looking to make this mobile home their own! This property features 4 bedrooms, 2 bathrooms, almost 1900 square feet of living space all on almost a quarter acre! Enjoy easy access to US HWY 80 and the ample growth occurring in the city of Forney! Call today to schedule your tour!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017