1501 Kipling Street
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 |
|---|---|---|---|
| Nov 10, 2023 | Sold | ||
| Sold | |||
| Oct 12, 2023 | Listed by RE/MAX Signature Galleria | $550,000 | |
| Listed by RE/MAX Signature Galleria | |||
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Classic two bedroom 1 bath bungalow in desirable Mandell place ready for your updates. There is also an office or nursery area off of the rear bedroom. Ideal for a work at home situation. Living area has ample built-ins for book or display. An open kitchen with a breakfast bar that extends in to the breakfast area. Beautiful hardwood floors. A spacious and inviting front porch with a bench swing built for two. The corner lot has mature trees providing ample shade. Central air and heat. Minimal yard space for low maintenance living.
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About Central Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017