8112 Road 5837
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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%.
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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 |
|---|---|---|---|
| Dec 8, 2023 | Sold | ||
| Sold | |||
| Dec 15, 2022 | Listed by eXp Realty LLC | $39,000 | |
| Listed by eXp Realty LLC | |||
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Come and take advantage of this lot 0.24 Acre (also selling adjacent lot of same size). Land is still undeveloped but pretty soon people will start building since utilities are going to be installed shortly. Lot is on Kelp Dr Rd 5837 on the LEFT, road is completely paved and the undeveloped land (address doesn't show up in the gps yet) is part of Terrenos Houston. With nearby schools, will have a gas station/laundromat and shopping center to be constructed. Lot is 260201 (and 260200 is adjacent lot also for sale).
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Last Updated: 6 months ago
Data Source: HAR , MLS# 53246831
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017