796 Bounds Road
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 |
|---|---|---|---|
| Aug 27, 2021 | Sold | ||
| Sold | |||
| Oct 16, 2020 | Listed by Goetz Realty and Development | $1,349,000 | |
| Listed by Goetz Realty and Development | |||
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32+ acres with NO restrictions NO city tax & AG Exempt. 8 inch water line on Bounds Rd is prime for future development. Property located in ETJ of Gunter 5 minutes East of future Tollway & 2 minutes West of Preston Rd. Property backs to BNSF RR. Main house 1776sqft 3 bed 2.5 bath & sunroom. Updated kitchen with new backsplash, granite countertops, & lighting. Luxury vinyl plank flooring in main areas. Structure in back of property is 1680sqft & needs TLC. Foundation & framework in place. Finished out could be 2 bed 2 bath home ideal for in-laws, AIRBNB, VRBO, or turn into a nice barn. Separate 1000sqft workshop with electric & 3 bay doors. 4 tanks, 4 crossed fence areas for cattle, horses, or other livestock.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017