11723 Jaycreek Drive
About This Property
Australian Jarrah hardwood flooring is throughout house. The Family Room features a vaulted ceiling and a beautiful wood burning fireplace flanked by built ins. Stainless steel and black glass appliances (including an induction cooktop and double 30" wall ovens) in a generously sized kitchen ideal for muitiple cooks at one time. Granite vanities in bathrooms. Lakewood Forest is set in the middle of many hike and bike trails , parks, with a nearby private club with swimming pool and tennis courts available (currently members pay $450 annually). Highly Rated Cy-Fair ISD schools - with elementary a few blocks away! Close to Shopping, Dining and Entertainment. No Flooding! Easy access to 249 and the Beltway.
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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%.
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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 |
|---|---|---|---|
| Aug 26, 2020 | Sold | ||
| Sold | |||
| Jul 16, 2020 | Listed by BHGRE Gary Greene | $235,000 | |
| Listed by BHGRE Gary Greene | |||
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About Lakewood Forest
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017