712 Bel Air Drive
About This Property
Build your dream home at on a VERY affordable lot in a beautiful Watters Crossing community. Last lot in this established sought after development.
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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 |
|---|---|---|---|
| Dec 7, 2023 | Sold | ||
| Sold | |||
| Oct 23, 2023 | Listed by Keller Williams Central | $250,000 | |
| Listed by Keller Williams Central | |||
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RARE find! Empty lot available in Allen to build your custom home. Backs up to large community pond and hike and bike trails. No neighbors to the West or South, and North neighbor separated by alleyway. Walking distance to NORTON Elementary. As with many people, the owners' plans changed due to COVID, so they're willing to part with this rare lot. The HOA has been really easy to work with. Owner already has plans drawn and conditionally approved by the HOA for nearly 3500sf custom home with 4 car garage they're willing to share with the buyer. Existing sprinkler system in place, unsure of its current functionality. Survey, HOA documents, and building plan available.
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| Sep 21, 2023 | No longer available | - | |
| No longer available | |||
| Jul 19, 2023 | Relisted | $250,000 | |
| Relisted | |||
| May 14, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017