8161 County Road 506
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 |
|---|---|---|---|
| Jan 19, 2024 | Sold | ||
| Sold | |||
| Sep 15, 2023 | Listed by Keller Williams NO. Collin Cty | $939,900 | |
| Listed by Keller Williams NO. Collin Cty | |||
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This exceptional 10-acre property, boasting an AG exemption, offers an unparalleled living experience. A stately front porch ushers you into an expansive office through DBL French doors.The culinary heart of this home boasts opulent granite countertops, a professional-grade 6-burner gas cooktop, custom cabinetry with seamless pullout drawers, and a capacious walk-in pantry. Wood-look tile floors add charm and convenience.
An advanced irrigation system paints a lush, year-round tapestry of beauty.The fourth bedroom transitions into a versatile game room, with ample walk-in attic storage.Energy efficiency shines through with impeccable foam insulation, reducing costs. The master bathroom is a spa-like sanctuary with an expansive shower.Beyond the main residence, a 40x30 steel building beckons, fully equipped with roll-up doors, electricity, water, and an expansive covered patio.Smart storage solutions ensure every item finds its rightful place with ease.
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| Nov 18, 2021 | Sold | ||
| Sold | |||
| Oct 1, 2021 | Listed by Keller Williams NO. Collin Cty | $889,000 | |
| Listed by Keller Williams NO. Collin Cty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017