13509 Feldspar DR
About This Property
The best of all is the LOCATION!! Super easy access to Parmer, IH45, and HWY 183. Apple Campus is literally 2.5 miles away (5 minutes), tons of shopping and dining options in every direction: Lakeline area, places along 183 or 620...and Lifetime Fitness is around the corner.
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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 |
|---|---|---|---|
| Apr 23, 2024 | In contract | - | |
| In contract | |||
| Apr 2, 2024 | Listed by Compass RE Texas, LLC | $500,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017