1407 Winchester Drive
About This Property
This 3-bedroom, 2-bath home offers incredible potential for those ready to create their dream space. A fallen tree caused damage to the roof and siding in one bedroom, but the issue was isolated and has been professionally addressed. Contractors are completing the final roof repairs (metal is backordered for roof) and closing in the sheetrock in the affected bedroom, leaving the home structurally sound and ready for your vision.
Featuring covered front and back porches on a nearly half-acre lot with a spacious backyard, this property is perfect for entertaining or relaxing. Located near I-45, it provides easy access to CISD schools, shopping, dining, and medical facilities. With a LOW TAX RATE and UNRESTRICTED PROPERTY, it's an excellent opportunity for flexibility and value.
Being sold as-is, this handyman special is your chance to customize a home in a desirable location. Don't miss out on this unique opportunity!
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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 30, 2024 | Sold | ||
| Sold | |||
| Dec 18, 2024 | In contract | - | |
| In contract | |||
| Nov 30, 2024 | Listed by eXp Realty LLC | $110,000 | |
| Listed by eXp Realty LLC | |||
| Nov 22, 2024 | Price Change | $110,000 | |
| Price Change | |||
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About Huntington Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017