16926 Paynes Creek Drive
About This Property
Co. and zoned to highly ranked CFISD Schools. This charming home features hardwood flooring, crown molding, & custom features including lighting & other details throughout the home. Situated on a corner lot w/ rear entry there is no obstructing your view of the water from the front porch, or go right across the street and hop on the walking trail for some exercise or just a few blocks to the popular Lakeland Village Center for a bite at one of our acclaimed eateries, or even catch a work out It's a lovely retail center & so close. This home is also the perfect location for some of prime amenities that Bridgeland is known for: Hike/Bike Trails; Lakes/Ponds to fish; Several Pools, slides and lazy river too; sports parks, & Rec Centers there is something for everyone in this Master Planned Community.
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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%.
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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 |
|---|---|---|---|
| Apr 13, 2020 | Sold | ||
| Sold | |||
| Jan 31, 2020 | Listed by Boston Real Estate Group | $335,000 | |
| Listed by Boston Real Estate Group | |||
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About Harris
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017