1818 Iron Ore Drive
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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 |
|---|---|---|---|
| Oct 23, 2024 | Sold | ||
| Sold | |||
| Oct 15, 2024 | In contract | - | |
| In contract | |||
| Sep 11, 2024 | Listed by Mark Dimas Properties | $379,000 | |
| Listed by Mark Dimas Properties | |||
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Stunning and updated single-story home on 2.41 acres with a covered front porch & back patio! Featuring a whole house water softener (2024), new well house (2024), freshly painted interior (2023), updated water heater (2023), recent HVAC replacement (2021), and lovely wood vinyl plank flooring! The floorplan offers a charming entryway that opens to the large living room with a fireplace, crown molding, a French door study/office, and a formal dining area between the utility room and kitchen. The master suite incudes a walk-in closet! An additional driveway leads to a cleared slab (power and plumbing connections in place), perfect for a tiny home or mobile home! Large 30'x40' garage/workshop with identical size space above that could be finished out for potential office space/man cave/game room/etc! Located with proximity to TX-99, FM 1960, Lake Houston, and shopping centers in Atascocita/Kingwood!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017