37
Map
1611 Palcio Real 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 |
|---|---|---|---|
| Jun 20, 2025 | Sold | ||
| Sold | |||
| May 8, 2025 | In contract | - | |
| In contract | |||
| May 2, 2025 | Listed by Sprout Realty | $235,000 | |
| Listed by Sprout Realty | |||
| Jul 2, 2021 | Sold | ||
| Sold | |||
| May 4, 2021 | Listed by Energy Realty | $197,500 | |
| Listed by Energy Realty | |||
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**MULTIPLE OFFERS RECEIVED- Please submit highest and best due 5/23 by 9am.**Stunning two-story home in the beautiful community of City Park! This ideally located home is nestled directly in front of expansive green space, and offers multiple unique features! Rich hardwood floors line the first floor and there are modern lighting all around! Enjoy an abundance of natural light, with large windows in the open concept living room. Whip up your favorite dishes in this cozy kitchen, equipped with stainless steel gas stove. The primary retreat is upstairs offering a spacious room with walk-in closet and large ensuite bathroom! Enjoy soaking in an oversized tub! Two additional bedrooms are located on the second floor with a convenient bathroom to share. City Park residents enjoy a variety of amenities including walking paths, community green space and gazebo. Located just minutes from Downtown, Pearland and the Texas Medical Center, this is an ideal location to live!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017