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12211 Scarlet River Drive
About This Property
Welcome to 12211 Scarlet River Dr! This charming 3-bedroom 2 bath boasts an open-concept living area with plenty of natural light and high ceilings. The kitchen is well equipped with modern appliances, generous counter space and lot of cabinets. Fresh paint throughout. Spacious primary bedroom includes a garden tub and a walk-in closet. Fully fenced backyard, perfect for outdoor activities. 2 car-garage offers ample parking and storage space. Enjoy easy access to Sam Houston Tollway, Hwy 90, I-10 & 59. Minutes away from Sheldon Lake State Park, Lake Houston, boat ramp & walking trails. Contact us today to schedule a showing!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 8, 2025 | Sold | ||
| Sold | |||
| Mar 18, 2025 | In contract | - | |
| In contract | |||
| Jan 24, 2025 | Price Decreased |
$220,000
↓ $10K
(4.4%) | |
| Price Decreased | |||
| Dec 7, 2024 | Relisted | $230,000 | |
| Relisted | |||
| Nov 30, 2024 | In contract | - | |
| In contract | |||
Property Highlights
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About Village of Kings Lake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017