708 Georgetown Road
About This Property
This beautiful piece of property on a quiet cul-de-sac is a welcome getaway from the business of city life, without being too far from the city! The home features a spacious living room, large eat in kitchen, with beautiful slate floors. The primary suite has plenty of room for a king sized bed and the bath features a double vanity, separate soaking tub and shower. Luxury Vinyl floors have recently been added to the primary bedroom, hall and one guest bedroom. Out back, you have two acres to explore, with a two stall horse barn, and pool for those hot Texas summers. Priced with the cash buyer in mind for a quick close!
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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 |
|---|---|---|---|
| Mar 31, 2023 | Sold | ||
| Sold | |||
| Feb 20, 2023 | Listed by MARK SPAIN REAL ESTATE | $350,000 | |
| Listed by MARK SPAIN REAL ESTATE | |||
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About Ovilla
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017