10509 Cathedral Drive
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 |
|---|---|---|---|
| Oct 16, 2024 | In contract | - | |
| In contract | |||
| Oct 16, 2024 | Sold | ||
| Sold | |||
| Aug 9, 2024 | Listed by Future Real Estate | $99,000 | |
| Listed by Future Real Estate | |||
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Boasting 3 bedrooms, 1 bathroom, and a spacious 5,608 sq. ft. lot, this property is located in a rapidly developing area, making it a fantastic investment opportunity for those looking to capitalize on a high-growth neighborhood. On the market for the first time in 20 years, this home offers a unique chance to acquire an affordable property with significant potential. Conveniently situated just 10 minutes from 610 and only 15 minutes from the Medical Center, Hermann Park, NRG Stadium, and Hobby Airport, with downtown Houston a short 20-minute drive away, the location ensures excellent accessibility and convenience. The home features large, open living spaces and spacious bedrooms, while the expansive lot provides ample room for customization. With its prime location and ample space, this property is perfect for investors and homeowners alike. Don’t miss out on this exceptional investment opportunity in a thriving area!
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Property Highlights
Building Info
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Status
Price/ft²
Listed On
Sold On
About Southeast Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017