12403 Millbanks Drive
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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 |
|---|---|---|---|
| Jan 4, 2024 | Sold | ||
| Sold | |||
| Nov 11, 2023 | Listed by Walzel Properties - Corporate Office | $299,000 | |
| Listed by Walzel Properties - Corporate Office | |||
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Welcome to 12403 Millbanks, this well-maintained brick ranch home is located in desirable Glenshire Subdivision. With 4 bedrooms including a generous primary suite, 2 1/2 baths, this spacious corner lot home with detached 2 car garage has abundant natural light, a gorgeous fireplace, and a classic open kitchen full of character and warmth with its vintage wood cabinets. The personal touch you'll add to this home will be enhanced by the high standard of craftmanship that was standard in 1973. The huge fenced backyard with covered patio is the perfect place for entertaining and decompressing from the pace of modern life.
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About Southwest Houston
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Last Updated: 6 months ago
Data Source: HAR , MLS# 51835761
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017