11027 Spell Road
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 |
|---|---|---|---|
| Jun 16, 2026 | Sold | ||
| Sold | |||
| Jun 5, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Listed by Keller Williams Realty Professionals | $575,000 | |
| Listed by Keller Williams Realty Professionals | |||
| May 10, 2022 | Sold | ||
| Sold | |||
| Aug 9, 2021 | Listed by RE/MAX Elite Properties | $499,999 | |
| Listed by RE/MAX Elite Properties | |||
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LOCATION! LOCATION! LOCATION! Have you ever dreamed quiet, country living? Or perhaps your dream is to run your business from home in a private setting? This property includes a 1-story home plus an acre, mere minutes from the Grand Parkway and in fast-growing Tomball. Brick home with open concept living area, kitchen, and dining space. Plenty of cabinets and closets for great storage. Enjoy the mature trees which shade the front yard or relax on the back patio. MLS #51008353 adjacent to 14 acres of additional, unrestricted land, all of which can be purchased together for development purposes - or to create your own country paradise.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017