50
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1526 Armada Drive
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 |
|---|---|---|---|
| Aug 29, 2026 | Listed by eXp Realty LLC | $384,000 | |
| Listed by eXp Realty LLC | |||
| Jul 31, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 23, 2026 | Listed by Keller Williams Realty Professionals | $384,000 | |
| Listed by Keller Williams Realty Professionals | |||
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Brand-new construction in Acres Homes, one of Houston’s fastest-growing and most revitalized communities. This modern home blends fresh design with a neighborhood rich in history and pride. Located amid ongoing development and infrastructure investment, the area is attracting buyers seeking long-term value and growth.
Enjoy spacious lots, contemporary finishes, Over size garage that can handle any full size SUV, and convenient access to major highways, Downtown Houston, and the Energy Corridor. A rare opportunity to own new construction in an emerging Houston community on the rise.
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| Jan 12, 2025 | No longer available | - | |
| No longer available | |||
| Nov 16, 2024 | Price Decreased |
$135,000
↓ $5K
(3.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017