1745 Longacre Drive
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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.
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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 |
|---|---|---|---|
| Jul 5, 2023 | Sold | ||
| Sold | |||
| Apr 18, 2023 | Listed by Greenwood King Properties | $700,000 | |
| Listed by Greenwood King Properties | |||
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Beautifully remodeled ranch home on an oversized lot, zoned to Valley Oaks Elementary, Spring Branch Middle and Memorial HS (buyer to verify eligibility and acceptance). Large family room open to dining area with raised ceilings and gourmet kitchen with bar seating, stainless appliances, new cabinetry, and pantry with barn door. Open the sliding glass door to huge covered patio off yard to enjoy indoor/outdoor living and entertaining. Spacious primary bedroom with remodeled en-suite bath plus two secondary bedrooms and updated hall bath. Additional upgrades include: Electrical wiring and panel, PEX piping, utility room moved inside and more. Close proximity to Dads club, Spring Valley Park, and I-10. All per seller.
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| Mar 24, 2020 | Sold | ||
| Sold | |||
| Jan 17, 2020 | Listed by Martha Turner Sotheby's | $525,000 | |
| Listed by Martha Turner Sotheby's | |||
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Charming traditional Ranch style home nestled on a 12,750 square foot lot (Per HCAD). This home has new lush landscaping on a beautiful treed lot with an over-sized, fully fenced backyard. Interior/exterior painted with designer colors ('19), Pella double-pane windows ('19), new A/C ('19), all new paneled interior doors and hardware ('19), new garage door and automatic opener ('19), new kitchen sink ('19), new Frigidaire ('19), refinished Oak hardwood flooring ('19), and many more updates. (*Per Seller). Enjoy all the homes features including the comforts and privacy of the amazing covered back patio and outdoor space. Property is zoned to exemplary Spring Branch schools including Valley Oaks Elementary, Spring Branch Middle, and Memorial High School! No previous flooding. Convenient location off I-10 with close proximity to Dads Club, Spring Valley Park, shopping, dining, & medical. Easy commute to Energy Corridor, Galleria & Downtown.
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About Northwest Houston
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Last Updated: 4 months ago
Data Source: HAR , MLS# 45503845
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