Residential Income Property with Central
For Sale
$298,000
219 Janelle Drive A & B, Copperas Cove, TX 76522
The 2004 property includes central air, electric appliances, and chain-link fencing.
Property Size2,380 SF
Price / SF$125.21
Days on Market31
Property Features for 219 Janelle Drive A & B
General Information
Standard status
Active
Size
2,380 SF
Property subtype
Residential Income
Amenities
None, Curbs
Ceiling Fan(s), Central Air, Electric
Central, Electric
Dishwasher, Electric Water Heater, Disposal, Refrigerator, Range Hood, Range
Ceiling Fan(s), Double Vanity, Pantry
Chain Link
No Garage
Traditional
Building Details
Year Built
2004
Stories
1
Listing Agency:
Home Network Realty
Listed By:
Stephen Owofade · License #0544504
(254) 415-0137
Source:
Evrealestate
Added: Sep 23
Changed: Oct 13
Last Checked: Oct 20 at 8:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Home Network Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2004, this residential income property contains 2,380 square feet. Interior features include central air, ceiling fans, a double vanity, and a pantry. The kitchen is equipped with a dishwasher, refrigerator, range, range hood, and disposal; the water heater is electric. The property has chain-link fencing and no garage.
The property is located at 219 Janelle Drive A & B in Copperas Cove, Coryell County, Texas.
The property is located at 219 Janelle Drive A & B in Copperas Cove, Coryell County, Texas.
Key Highlights
- 2,380 square feet of property area
- Built in 2004
- Central air and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,032
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,640
$380.6K
Cap Rate 7%
$271,886
$271.9K
Cap Rate 9%
$211,467
$211.5K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$37.1K $15.60/SF
− Vacancy
−$2.5K −$1.06/SF
EGI
$34.6K $14.54/SF
− OpEx
−$15.6K −$6.54/SF
NOI
$19.0K $8.00/SF
Area
Coryell County, TX
Vacancy
6.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,640
Cap Rate 7%
$271,886
Cap Rate 9%
$211,467
Alternative Uses
Best Use
Apartment 5plus
$271.9K
$237.9K – $317.2K
NOI $19,032 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$571.7K
$500.2K – $666.9K
NOI $40,016 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 76522, TX
41,123
Population
17,370
Households
2.4
Avg Household Size
34
Median Age
21%
College-Educated
94%
High-School Grad
115.0 sq mi
ZIP Area
358
Density / Sq Mi
$70,629
Median Household Income
$39,126
Median Earnings
$1,029
Median Rent
$174,000
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The 2004 property includes central air, electric appliances, and chain-link fencing.
Where is this residential income property located?
The property is located at 219 Janelle Drive A & B Copperas Cove, TX.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: 2,380 square feet of property area; Built in 2004; Central air and ceiling fans
