1603 Cascade Falls 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 |
|---|---|---|---|
| Oct 14, 2022 | Sold | ||
| Sold | |||
| Sep 8, 2022 | Listed by Martha Turner Sotheby's International Realty | $489,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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Immaculately maintained & rarely found is this single story home on a large lot in the highly desirable Friendswood Lakes Subdivision. Located on a cul-de-sac street with a green space directly behind it, this home has been masterfully updated with engineered wide plank oak floors, new carpet, new appliances, full home generator & much more; too much to mention. See attached Features sheet for more details. High (10 ft) ceilings, crown molding & neutral paint create a soothing backdrop for any decor. Flanking the airy entryway are French doors leading to a dedicated office on one side & spacious formal dining on the other. The well appointed kitchen opens up into the living room with an expansive breakfast bar & beautiful view of the professionally landscaped backyard. Enjoy quiet evenings under the covered flagstone back patio. With direct access to walking trails around the lake, neighborhood pool & park, it will be easy to enjoy all the amenities this neighborhood has to offer.
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About Friendswood Lakes
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$2,999 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017