8963 Spring Branch Drive
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 16, 2021 | Sold | ||
| Sold | |||
| Sep 16, 2020 | Listed by Texas Premier Realty | $825,000 | |
| Listed by Texas Premier Realty | |||
| | |||
|
1 Acre Lot with prime location in heart of Spring Branch; just off of heavy traffic count Long Point road. Suited for many types of commercial purpose or owner operated business; paired with 2 existing warehouse or sizable storage structures. Great lot for residential patio home developments! (Opposite of Pulte Homes in the $300K+ range). Ideal for custom home build plans or renovate current 1900 SQFT building.
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| Aug 2, 2020 | No longer available | - | |
| No longer available | |||
| Jul 2, 2020 | Price Decreased |
$1,100,000
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Nov 11, 2019 | Price Decreased |
$1,150,000
↓ $40K
(3.4%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017