$210,000 Last Listed Price
●
House -
Off Market
1822 Terrence Drive
Stafford, TX 77477
5 Beds
3 Baths
2,471 Ft²
$1,500
Est. Monthly
11.92%
Cap Rate
About This Property
Excellent homestead or investor opportunity with no HOA in an
established and tranquil neighborhood in Stafford. The home offers
a newer roof and AC unit. Single-story floor plan with an open
kitchen living concept with 2,471 sqft of living space and a good
sized lot at 7,150 sqft. 2 primary bedrooms, one of which is huge
and that may be used as an entertainment room as well. Modern
kitchen cabinets and quartz countertops have been provided. Plenty
of parking in the extended driveway and a wonderful backyard
excellent for grilling or barbecuing with friends and family.
Included as well is a storage unit in the backyard for
convenience. This home does need a good amount of interior work and
attention for someone to make it into their ideal forever home or a
fantastic investment property. The property is zoned to Stafford
school district. The property is also conveniently located near
ALT-90, as well as Sam Houston Tollway, Fort Bend Pkwy, Hwy-6 and
Hwy-59.
Unit Size
2,471 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$85
Property Type
House
Property Taxes
$468
HOA Dues
-
Year Built
1975
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 6 months ago (HAR #96375973)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 8, 2024 | Sold | ||
| Sold | |||
| Dec 24, 2023 | In contract | - | |
| In contract | |||
| Dec 15, 2023 | Listed by Coldwell Banker Realty - Heights | $210,000 | |
| Listed by Coldwell Banker Realty - Heights | |||
| | |||
|
Excellent homestead or investor opportunity with no HOA in an established and tranquil neighborhood in Stafford. The home offers a newer roof and AC unit. Single-story floor plan with an open kitchen living concept with 2,471 sqft of living space and a good sized lot at 7,150 sqft. 2 primary bedrooms, one of which is huge and that may be used as an entertainment room as well. Modern kitchen cabinets and quartz countertops have been provided. Plenty of parking in the extended driveway and a wonderful backyard excellent for grilling or barbecuing with friends and family. Included as well is a storage unit in the backyard for convenience. This home does need a good amount of interior work and attention for someone to make it into their ideal forever home or a fantastic investment property. The property is zoned to Stafford school district. The property is also conveniently located near ALT-90, as well as Sam Houston Tollway, Fort Bend Pkwy, Hwy-6 and Hwy-59.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Woodland West
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Listed by: Moises Arteaga, Coldwell Banker Realty - Heights
Last Updated: 6 months ago
Data Source: HAR , MLS# 96375973
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Last Updated: 6 months ago
Data Source: HAR , MLS# 96375973
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