1438 Monterra Point
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 20, 2024 | Sold | ||
| Sold | |||
| Nov 16, 2024 | In contract | - | |
| In contract | |||
| Oct 2, 2024 | Listed by NW Realty | $299,999 | |
| Listed by NW Realty | |||
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Indulge in the ultimate living experience with the magnificent home in Andover Farms. Enjoy the benefits of a low tax rate and convenient access to 288 and Fort Bend Tollway. Per Seller, roof is approximately 18 months old, and the water heater was replaced in 2022. Don’t miss out on this opportunity to make this 4-bedroom, 2-bathroom home with a formal living/dining room and a well-equipped kitchen your own. The kitchen is perfect for culinary enthusiasts, while the thoughtful layout allows for seamless entertaining. Unwind in the primary bedroom, complete with dual sinks and a spacious jetted tub. The carpet-free residence also features a small patio, ideal for those who love outdoor living while enjoying the new fence!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017