1601 Murray Drive
About This Property
Charming one story 2 bedroom, 1 bathroom home with many recent updates, including new tile flooring & refinished original wood flooring, new roof 2020, new HVAC 2016 and new hot water heater 2016 and stainless appliances sitting atop a nearly quarter acre corner lot. Other features include a large library or study with built-in shelving, a detached 108 sf exterior workshop or storage unit and an additional 24 sf exterior storage space. The home boasts all brand new windows -2020 that provide a bright naturally-lit interior and a remodeled bathroom!
Carport retaining wall will be repaired or replaced.
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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 |
|---|---|---|---|
| Jan 27, 2021 | Sold | ||
| Sold | |||
| Dec 9, 2020 | Listed by Compass RE Texas, LLC | $179,900 | |
| Listed by Compass RE Texas, LLC | |||
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Multiple offers received. Owners are accepting offers up to 7 PM Sunday, December 13.
Charming one story 2 bedroom, 1 bathroom home with many recent updates, including new tile flooring & refinished original wood flooring, new roof 2020, new HVAC 2016 and new hot water heater 2016 and stainless appliances sitting atop a nearly quarter acre corner lot. Other features include a large library or study with built-in shelving, a detached 108 sf exterior workshop or storage unit and an additional 24 sf exterior storage space. The home boasts all brand new windows -2020 that provide a bright naturally-lit interior and a remodeled bathroom!
Carport retaining wall will be repaired or replaced.
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Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14483612
Details provided by NTREIS and may not match the public record
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