8086 FM 17
About This Property
With approximately 669 feet of road frontage, the property offers excellent potential to divide, subject to buyer verification and any applicable county requirements. Utilities are already on-site, providing a valuable head start for your plans. An older frame 2-bedroom, 1-bath home sits on one side of the property and needs work, offering possibilities for renovation or a future rebuild. Enjoy the privacy and beauty of East Texas country living while staying conveniently close to town, shopping, dining, and Hwy 80. The home currently has a renter.
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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 12, 2026 | Listed by RE/MAX Landmark Rose | $360,000 | |
| Listed by RE/MAX Landmark Rose | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017