12306 Westmere 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 |
|---|---|---|---|
| Dec 22, 2023 | Sold | ||
| Sold | |||
| Oct 26, 2023 | Listed by Better Homes and Gardens Real Estate Gary Greene - | $450,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - | |||
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Spacious 4 bed/2.5 bath home in the Energy Corridor. Two story garage (2011) with reinforced foundation, space for car lift; a/c workroom, a/c storage/man cave and additional storage room with outside access. Hardwood flooring in formals and family room. New interior paint. Updated kitchen with recent dishwasher and oven/microwave. Updated electrical panel with increased amperage and foundation watering system. Large lot with pool, sprinkler system and recent fence. Community amenities include two swimming pools, tennis courts and playground. Easy access to Terry Hershey Park. Convenient I10 and Sam Houston Tollway.
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About Westside
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017