Residential Income
New
For Sale
$149,000
408 Sunset Lane A & B, Copperas Cove, TX 76522
Two residences at one address offer electric cooking appliances, wall or window cooling, and a shared driveway.
Property Size1,075 SF
Days on Market3
Property Features for 408 Sunset Lane A & B
General Information
Standard status
Active
Size
1,075 SF
Total Parking Spaces
2
Property subtype
Residential Income
Net Operating Income
$12,840
Taxes and HOA fees
Annual Taxes
$2,502
Amenities
Accessible Entrance
Electric, Wall/Window Unit(s)
Electric
Electric Oven, Electric Range, Refrigerator
Back Yard, Chain Link
Driveway
Building Details
Building Size
1,075 SF
Year Built
1971
Buildings
2
Listing Agency:
Alfredo Guerrero
Listed By:
Milidtza Guerrero · License #0624768
(214) 240-3455
Source:
Evrealestate
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 2:34PM
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 Alfredo Guerrero
Investment Insights
Based on property information with market context.
This residential income property includes two residences, identified as A and B at 408 Sunset Lane. The building dates to 1971 and features electric wall or window units, an electric oven and range, and a refrigerator. Exterior details include a chain-link fence, a backyard, and a driveway.
The property is in Coryell County in Copperas Cove, Texas. From westbound I-14, directions proceed via Georgetown Road and Sunset Lane.
The property is in Coryell County in Copperas Cove, Texas. From westbound I-14, directions proceed via Georgetown Road and Sunset Lane.
Key Highlights
- Two residences identified as A and B
- Built in 1971
- Electric wall or window units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,596
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,920
$171.9K
Cap Rate 7%
$122,800
$122.8K
Cap Rate 9%
$95,511
$95.5K
Market Conditions
NOI Build-Up for 1,075 SF
Gross rent
$16.8K $15.60/SF
− Vacancy
−$1.1K −$1.06/SF
EGI
$15.6K $14.54/SF
− OpEx
−$7.0K −$6.54/SF
NOI
$8.6K $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%
$171,920
Cap Rate 7%
$122,800
Cap Rate 9%
$95,511
Alternative Uses
Best Use
Apartment 5plus
$122.8K
$107.5K – $143.3K
NOI $8,596 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.2K
$225.9K – $301.2K
NOI $18,074 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
416
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two residences at one address offer electric cooking appliances, wall or window cooling, and a shared driveway.
Where is this residential income property located?
The property is located at 408 Sunset Lane A & B Copperas Cove, TX.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Two residences identified as A and B; Built in 1971; Electric wall or window units
