18703 Drexel Ridge Lane
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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.
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 |
|---|---|---|---|
| Jun 22, 2022 | Sold | ||
| Sold | |||
| May 17, 2022 | Listed by Keller Williams Woodlands | $499,000 | |
| Listed by Keller Williams Woodlands | |||
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NEXT GEN HOME in SOUGHT AFTER TOMBALL ISD and just minutes from Hwy 249, Grand Parkway, and quick commute to Downtown Houston. LIKE NEW and located on a HUGE lot on just over 1/4 acre. MAIN home features 4 beds, 3.5 baths w/ 3-CAR TANDEM GARAGE. Open floor plan w/ GRANITE ISLAND KITCHEN, 42" modern white cabinetry, s/s appliances, tile backsplash, and breakfast bar. LARGE family room w/ gas log fireplace, wood look tile through main living areas, and high ceilings with recessed can lighting throughout. Formal dining, UPSTAIRS GAME ROOM, and spacious guest bedrooms upstairs. Primary retreat down featuring split GRANITE vanities, oversized walk-in shower, herringbone tile pattern floors, large soaking tub, and private patio access. NEXT GEN SPACE off entry featuring your very own GARAGE and separate entry. LARGE living space, GRANITE kitchen w/ stainless appliances, and spacious guest room.THIS HOME IS LOADED w/ OPPORTUNITY...Call and schedule your private showing!
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About Harris
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017