1014 Magnolia Drive
About This Property
Large lot, with mature trees in a well-established neighborhood in Rosenberg, TX. Walking distance to a city park, playground, tennis, and basketball courts. Updated kitchen tile, painted cabinets, and new lighting in the stunning kitchen. The first bath is also remodeled and almost complete. No known defects in the home's mechanicals- roof, HVAC, water heater, plumbing, and electrical, everything in working order. Original hardwood flooring in the main living areas and bedrooms. Updated sliding glass door to the backyard. The utility room is generously sized and has extra built-in storage. Two-car carport has a large 10 x 15 storage built-in behind and a breezeway to the back yard. The home is all brick and with a fully fenced yard.
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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 |
|---|---|---|---|
| Mar 21, 2022 | Sold | ||
| Sold | |||
| Feb 11, 2022 | Listed by eXp Realty, LLC | $185,000 | |
| Listed by eXp Realty, LLC | |||
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The offer deadline is Wednesday 2/16 at noon.
Large lot, with mature trees in a well-established neighborhood in Rosenberg, TX. Walking distance to a city park, playground, tennis, and basketball courts. Updated kitchen tile, painted cabinets, and new lighting in the stunning kitchen. The first bath is also remodeled and almost complete. No known defects in the home's mechanicals- roof, HVAC, water heater, plumbing, and electrical, everything in working order. Original hardwood flooring in the main living areas and bedrooms. Updated sliding glass door to the backyard. The utility room is generously sized and has extra built-in storage. Two-car carport has a large 10 x 15 storage built-in behind and a breezeway to the back yard. The home is all brick and with a fully fenced yard.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017