17911 E Strack Drive
About This Property
Great location for residential / commercial use. Situated between Cypresswood and Louetta. Only minutes away from the Grand Parkway or the North Freeway.
Over 1 acre level, mostly cleared lot with extensive frontage on Strack Dr. Current residence could be used as a home or repurposed as an office, showroom, or storage. Lot is large enough for many commercial uses.
3 bedroom, 2.5 bathroom home has both a formal living and dining plus a large extra room. Residence was remodeled after Harvey. Roof is approximately 8 years old. No restrictions. No HOA.
Room sizes are approximate
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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 |
|---|---|---|---|
| Apr 27, 2023 | Sold | ||
| Sold | |||
| Jan 23, 2023 | Listed by Coldwell Banker Realty, Cy-Fair Office | $449,000 | |
| Listed by Coldwell Banker Realty, Cy-Fair Office | |||
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Last Updated: 4 months ago
Data Source: HAR , MLS# 78889565
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