21303 Cypress Red Oak Drive
About This Property
WELCOME TO THIS BEAUTIFUL 4BR 3.5BA HOME IN CYPRESS TEXAS! CORNER LOT FRONT COVERED PATIO GREET YOU AS YOU ENTER THIS HOME. DINING ROOM CONVERTED TO FLEX SPACE CAN BE CONVERTED BACK OR LEFT AS IS. LARGE DINING AREA IN KITCHEN. OWNERS SUITE W/ENSUITE DOWN. HALF BATH FOR GUESTS DOWN. 3 BEDROOMS UP WITH 2 FULL BATHS. GUEST SUITE WITH PRIVATE BATH AT TOP OF STAIRS. KITCHEN REFRIGERATOR, WASHER AND DRYER ARE NEGOTIABLE. LARGE CORNER LOT EASILY ACCOMODATES POOL OR PLAY AREAS HIGHLIGHTED BY COVERED BACK PORCH. SCHEDULE YOUR SHOWING TODAY AS THIS ONE WON'T LAST LONG!
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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 |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jul 3, 2024 | In contract | - | |
| In contract | |||
| Jun 11, 2024 | Price Decreased |
$405,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Jun 6, 2024 | Price Increased |
$410,000
↑ $5K
(1.2%) | |
| Price Increased | |||
| Apr 3, 2024 | Listed by Keller Williams Realty Metropolitan | $405,000 | |
| Listed by Keller Williams Realty Metropolitan | |||
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Welcome to this beautiful two story, 4 bedroom with 3.5 bathroom home sitting on a large corner lot in the desirable Cypress Oaks subdivision. As you walk to the front door, you'll be greeted by an adorable front covered porch with a hanging swing bench. As you enter the home you'll find a flex room that can be used as a formal dining room or home office. The large living room opens up with high ceilings and lots of windows that brighten up the home. Right next to the spacious kitchen you will find a large dining area that over looks the living room. Also on the first floor you'll find the primary bedroom with its separate shower and tub ensuite and spacious walk in closet. The second floor has a large family/media room, 3 more bedrooms and 2 full bathrooms. The large backyard has a covered patio, great for entertaining and plenty of room to accommodate a pool in the future. Call and schedule your showing today.
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About Harris
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Last Updated: 5 months ago
Data Source: HAR , MLS# 47050703
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