2218 Cortijo Place
About This Property
The floorplan is limited within the community and has the wonderful benefit of all bedrooms on the 2nd floor. The washer and dryer is conveniently located on 2nd floor as well. Sleek and modern Euro style cabinetry with undercabinet lighting, woodgrain tile floor, quartz countertops, large sink, and Bosch 5 burner gas stove. The kitchen, dining/breakfast area is open to the large living room with plenty of natural light. Dual car garage plus two car parking in driveway and additional street parking.
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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 |
|---|---|---|---|
| May 16, 2025 | Price Decreased |
$370,000
↓ $20K
(5.1%) | |
| Price Decreased | |||
| May 1, 2025 | Price Decreased |
$390,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Apr 19, 2025 | Price Decreased |
$395,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Mar 6, 2025 | Listed by eXp Realty LLC | $400,000 | |
| Listed by eXp Realty LLC | |||
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Beautiful 3 bedroom, 2.5 bath home with 2-car attached garage located in small, gated community with a lake with fountains, community gazebo, dog park, walking trails, double wide streets and guest parking. Home is light and bright with lots of windows! Home features an open floorpan with large living room, dining room with accent wall and modern kitchen with oversized breakfast bar, gas range and under cabinet lighting. Two additional bedrooms featuring stunning accent walls and paint colors, laundry room, flex room (ideal office, gym or playroom) and primary bedroom up. Primary bathroom features double sinks, separate shower, free standing soaking tub and large walk in closet. Outside features large pavered patio, stylish stained fence and spacious backyard. Easy access to 610, 290 & I45, minutes from the Heights, Galleria, Memorial and downtown Houston. Washer, dryer and refrigerator included.
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| Aug 4, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017