16403 Spinnaker Drive
About This Property
This 3,020 sqft home features 4 beds, 2.5 baths, 2 car garage, high ceilings in the living room with a wood-burning fireplace and butler's pantry. A formal dining area is located at the front of the home but could also be used in many other ways! Laminate, terrazo and carpet flooring throughout this 2-story home. The island kitchen is unique with its own study/craft area and beautiful windows. Fully fenced, extra large corner lot!
Newport is a master planned community located just 30 minutes from Downtown Houston. Such amenities as the community pool, tennis courts, gym, private lake and river access, parks, walking trails, splash pad, Stonebridge 18-hole golf course, pro shop and country club make Newport an extraordinary place to call home.
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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 |
|---|---|---|---|
| May 23, 2024 | Sold | ||
| Sold | |||
| Apr 4, 2024 | In contract | - | |
| In contract | |||
| Feb 19, 2024 | Listed by Anastasia Realty Group | $285,000 | |
| Listed by Anastasia Realty Group | |||
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This 3,020 sqft home sits beautifully on an extra-large corner lot. Featured with 4 beds, 2.5 baths, 2 car garage, high ceilings in the living room with a wood-burning fireplace and butler's pantry. A formal dining area is located at the front of the home adorned with beautiful tile. This room could also be used in many other ways! New carpet flooring throughout this 2-story home. Gorgeous Remodeled Island Kitchen with a farmhouse sink, Beautiful Quartz countertops with its own study/craft area and beautiful windows.
Newport is a master planned community located just 30 minutes from Downtown Houston. Such amenities as the community pool, tennis courts, gym, private lake and river access, parks, walking trails, splash pad, Stonebridge 18-hole golf course, pro shop and country club making Newport a wonderful place to call home.
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| Aug 27, 2021 | Sold | ||
| Sold | |||
| Jul 2, 2021 | Listed by Coldwell Banker Realty | $240,000 | |
| Listed by Coldwell Banker Realty | |||
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*Multiple offers have been received. Seller is asking for highest and best offer by 7/5/21 at 8pm.*
This 3,020 sqft home features 4 beds, 2.5 baths, 2 car garage, high ceilings in the living room with a wood-burning fireplace and butler's pantry. A formal dining area is located at the front of the home but could also be used in many other ways! Laminate, terrazo and carpet flooring throughout this 2-story home. The island kitchen is unique with its own study/craft area and beautiful windows. Fully fenced, extra large corner lot!
Newport is a master planned community located just 30 minutes from Downtown Houston. Such amenities as the community pool, tennis courts, gym, private lake and river access, parks, walking trails, splash pad, Stonebridge 18-hole golf course, pro shop and country club make Newport an extraordinary place to call home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017