16 Santa Clara Drive
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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 |
|---|---|---|---|
| Mar 20, 2025 | Sold | ||
| Sold | |||
| Feb 25, 2025 | In contract | - | |
| In contract | |||
| Jan 26, 2025 | Listed by Brock & Foster Real Estate | $285,000 | |
| Listed by Brock & Foster Real Estate | |||
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RARE! Modern, stylish home w/Solar Panels in Rodeo Palms, ready for immediate move-in! Featuring tile flooring throughout, the elegant kitchen boasts granite countertops, stainless steel appliances (fridge stays), custom stone accents, and ample counter space + pantry, open to living and dining. Large covered back patio, ideal for entertaining. The split plan features two bedrooms and guest bath towards the front, and primary bedroom at the back with massive walk-in closet + custom built-in storage, bath w/dual sinks and oversized framed glass walk-in shower. Large laundry room in home (W/D stay), fully fenced backyard + attached 2-car garage. Equipped with 35k+ in solar panels designed to produce surplus electricity—plus EV charger ready—this home has minimal to no electricity costs, thanks to utility buy-back program. Rodeo Palms is near the Texas Medical Center and Texans facility and is known for its wow-packed amenities like Parks, pool, trails and stocked ponds! New water heater!
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| Jun 30, 2021 | Sold | ||
| Sold | |||
| May 14, 2021 | Listed by Offerpad Brokerage, LLC | $249,900 | |
| Listed by Offerpad Brokerage, LLC | |||
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About Manvel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017