2226 Gray Falls Drive
About This Property
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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 19, 2024 | Sold | ||
| Sold | |||
| Mar 15, 2024 | In contract | - | |
| In contract | |||
| Mar 1, 2024 | Listed by Keller Williams Memorial | $375,000 | |
| Listed by Keller Williams Memorial | |||
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Welcome to this hidden gem in the Southlake subdivision of Energy Corridor. Home features 3 beds, 2 bath with plenty of natural light. Pass the entertainers patio, as you walk into your home. This home offers open concept floor plan with a game room on the opposite side of the bedrooms and a secret room in the finished attic. Start saving on electricity, solar panels are paid off and home includes shutters in most of the windows! Conveniently located just minutes away from all the shopping and dining City Center and Memorial City Mall offer. Just a short ride to i10 and beltway 8. Come check it out!
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| Feb 22, 2024 | No longer available | - | |
| No longer available | |||
| Feb 14, 2024 | Price Decreased |
$369,000
↓ $11K
(2.9%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017