8 Hwy 55
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 |
|---|---|---|---|
| Feb 22, 2023 | Sold | ||
| Sold | |||
| Sep 19, 2022 | Listed by Riata Realty | $199,500 | |
| Listed by Riata Realty | |||
| Jun 7, 2021 | Listed by Riata Realty | $173,700 | |
| Listed by Riata Realty | |||
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Welcome to the 290 On The Nueces--a pristine community on Hwy 55 between Uvalde and Camp Wood. Lush with native trees and browse, there are 360 degree mountain views. Wildlife is abundant, and includes axis, whitetail, hogs, turkey, dove, quail, and native varmints. Electricity and newly constructed roads are on the property. Property owners have deeded access to the outstanding owner's park with river frontage and a pavilion that includes a massive fireplace, BBQ pit, and full restrooms. Reasonable restrictions are in place simply to preserve and protect property values. This is the only completely private subdivision in the Nueces Canyon, with gated access to the owner's park and to the subdivision itself. Very rare and very beautiful--call me for an exclusive showing!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017