1503 Lynnview Drive
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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%.
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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.
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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 18, 2024 | Sold | ||
| Sold | |||
| Mar 19, 2024 | In contract | - | |
| In contract | |||
| Mar 12, 2024 | Listed by Compass RE Texas, LLC - Houston | $995,000 | |
| Listed by Compass RE Texas, LLC - Houston | |||
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Renovated ranch home in beautiful Monarch Oaks zoned to award winning SBISD schools. This 3/2 has kitchen and breakfast area that flows into the family room. Primary suite has spectacular bath w/ freestanding tub, marble inlay floors, his/her marble vanities, dual water closets, double-sided glass shower. Spacious walk-in closet w/ packing station. Formal dining room, fireplace and home office/flex space. Large backyard with expansive patio, outdoor fireplace. 4 car garage (40 x 22) finished out into studio space with central HVAC, sink, plumbing rough-in for possible bathroom addition. You could convert back to garage parking if desired. Oversized porte cochere and driveway w/ automatic gate offers plenty of additional parking. Camera system, mosquito misting system, generator, water softener, hardwoods, custom window coverings. Convenient to I-10, 610. Enjoy the serenity of the neighborhood while having area restaurants, coffee shops, shopping & amenities close by.
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| Jun 4, 2020 | Sold | ||
| Sold | |||
| Mar 27, 2020 | Listed by BHGRE Gary Greene | $850,000 | |
| Listed by BHGRE Gary Greene | |||
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Gorgeously updated and expanded for today's sophisticated lifestyle. Gleaming hardwoods throughout w/designer fixtures, lighting, & hardware. Inviting open entertaining areas with distinctive decorator features: built ins, brick fireplace in LR, expansive natural light. Granite Kitchen: SS Appliances. Luxurious Master suite w/his/hers everything! sinks, water closets, dressing/closet areas. Marble spa bathroom with enormous shower and glamorous soaking tub. Expansive outdoor patio & covered area w/inviting fireplace. One of a kind HUGE new AC'd Garage w/plumbing for future full bath. 4+garage could be future 1-2+ bedrooms or gameroom/quarters.Covered additional parking/entertaining area. Never loose power!!!:Three phase backup Generator! Spectacular dream home in acclaimed Monarch Oaks! Exemplary SBISD schools.!DID NOT FLOOD!
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About Northwest Houston
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Last Updated: 5 months ago
Data Source: HAR , MLS# 96045870
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