2131 Bancroft Street
About This Property
designed homes by Pelican Builders. A smart home with Control 4 Home Automation System controlling A/C
& Heat, AV Equipment, door locks, etc.! Elevator, 1st floor guest suite & study opening to a landscaped
backyard/patio. Hardwoods throughout. Custom 250 yr old French Oak Island kitchen w/Wolf/Sub Zero
appliances opens to den & breakfast room. Grilling balcony with stainless Wolf grill. Butler's pantry and
bar. Formal living & dining room with balcony, built-ins and wood burning fireplace. Master bedroom with
balcony, 2 custom walk-in closets and awesome bath with tub and Roma Steam shower. Game room/Media
Room/Guest Room with full bath and large terrace on top level with park views. Two car attached epoxy
floored garage with storage closet. Awesome River Oaks/Galleria location. Walk to the new River Oaks
District to shop, see a movie and dine! Enjoy life inside the Loop!
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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 |
|---|---|---|---|
| Apr 8, 2020 | Sold | ||
| Sold | |||
| Feb 28, 2020 | Listed by Compass RE Texas, LLC | $1,349,700 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017