Lot 737 Spring Street
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 |
|---|---|---|---|
| Mar 21, 2024 | No longer available | - | |
| No longer available | |||
| Mar 13, 2024 | In contract | - | |
| In contract | |||
| Feb 9, 2024 | Listed | $15,000 | |
| Listed | |||
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Are you a developer, investor, or builder??? LOOK NO FURTHER! This property is a perfect opportunity for you. Located right down the road from Lake Buchanan, and the highly sought out attraction’s such as Spider Mountain, Tor Na Loch winery, and Reveille Peak Ranch, this lot offers unlimited options for future buyers, renters, or short term, “stayers”. These attractions and many others bring in a plethora of business to this area of the Hill Country. Rental rates in Burnet county are at an all time high, as well as first time home purchases. This lot would accommodate a starter home that would give a quick and high value turn around for any builder or developer. This area is doing nothing but going up in value, so do not wait too long! Taps available for owners if they complete the application process through the community water system owner. Buyer/Buyer's agent to confirm septic pricing and all measurements of lot.
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| Jan 25, 2024 | Listed | $15,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017