9797 Longpoint Road
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 |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| May 13, 2024 | In contract | - | |
| In contract | |||
| May 7, 2024 | Price Decreased |
$88,000
↓ $4K
(4.4%) | |
| Price Decreased | |||
| Mar 6, 2024 | Listed by Market Realty, Inc. | $92,000 | |
| Listed by Market Realty, Inc. | |||
| | |||
|
Unique opportunity to find a 1 acre property close to the lake and in Burton ISD! Perfect small acreage to build a house or have a place to stay in your RV while at the lake. Only one restriction-NO RV/Boat Storage facilities allowed. Electricity nearby and Central Washington Water Supply at Longpoint Rd. Property has paved road frontage and has been cleared. Tract is being taken out of 2.158 acres and subject to approval by the county and will need new survey. No physical address has been assigned, using 9797 Longpoint Rd for location purposes only, buyer will get address assigned by the county when buyer selects driveway location.
| |||
| Mar 2, 2024 | Price Increased |
$92,000
↑ $4K
(4.6%) | |
| Price Increased | |||
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About Washington
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Last Updated: 5 months ago
Data Source: HAR , MLS# 79162753
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017