20622 Silver Tea Avenue
About This Property
which epitomizes the perfect blend of classic charm and modern comfort. This cute home offers 3
bedrooms, 2 baths, laminate flooring, granite countertops, & a beautifully maintained sparkling
green landscape. HVAC system was replaced 2 years ago. The primary bedroom is generously sized
as well as the primary bathroom which features both a separate shower & a luxurious soaking tub,
dual sinks & double walk in spacious closets. Bauer Landing offers a tranquil haven for all
residents and has a children's park, pavilions, & peaceful walking trails. Zoned to excellent
schools! Close proximity to Houston Premium Outlets & quick access to the 99 or 290.
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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 |
|---|---|---|---|
| Aug 22, 2024 | Sold | ||
| Sold | |||
| Jul 29, 2024 | In contract | - | |
| In contract | |||
| Jun 21, 2024 | Listed by Nan & Company Properties | $250,000 | |
| Listed by Nan & Company Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017