1495 Co Rd 4224 Troup, TX 75789
Two well-maintained tenant-occupied manufactured homes with long-term rental potential.
Property Features for 1495 Co Rd 4224
General Information
- Standard status
- Active
- Size
- 1,216 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing office Keller Williams Realty Tyler. (903) 534-6600
Listing date Mar 14, 2025
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Two tenant‑occupied manufactured homes on one property.
- Newer front unit features 2 bedrooms and 2 bathrooms.
- Backyard unit offers 3 bedrooms and 2 bathrooms.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.2k | $15.00 |
| − Vacancy | −$1.6k | −$1.35 |
| EGI | $16.6k | $13.65 |
| − OpEx | −$7.5k | −$6.14 |
| NOI | $9.1k | $7.51 |
