7467 S Hwy 87
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 |
|---|---|---|---|
| Apr 12, 2024 | Sold | ||
| Sold | |||
| Feb 2, 2024 | In contract | - | |
| In contract | |||
| Sep 4, 2023 | Listed by Brand Realty, LLC | $40,000 | |
| Listed by Brand Realty, LLC | |||
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Nestled amidst the serene beauty of Newton, Texas, this charming 800-square-foot home offers a unique opportunity for those seeking a rustic retreat on 1.6 acres of sprawling land. With 2 cozy bedrooms and 1 bath, this quaint dwelling is brimming with potential but in need of some TLC. Whether you're looking to create a cozy weekend getaway, a starter home, or an investment property, this fixer-upper is a canvas waiting for your personal touch. Embrace the opportunity to breathe new life into this charming piece of Texas countryside, where the possibilities are as vast as the land itself. Call an agent to view this property.
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Last Updated: 6 months ago
Data Source: HAR , MLS# 24192818
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