2228 Addison Road
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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 |
|---|---|---|---|
| Oct 5, 2022 | Sold | ||
| Sold | |||
| Jun 27, 2022 | Listed by Greenwood King Properties | $800,000 | |
| Listed by Greenwood King Properties | |||
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Don't miss the opportunity to live in the heart of Southgate! This dreamy home is located on a corner lot in on the coveted Addison Street. The private residence is fenced and offers two large yards and a third outdoor sitting area. The home boasts 2 bedrooms, 2 bathrooms, an oversized Primary closet, stainless kitchen appliances, two car attached garage and bonus air conditioned flex room/ office space (accessed through the garage). Close proximity to Rice Village where many of Houston’s favorite shops and restaurants are located, minutes from the Houston Medical Center and Downtown. Zoned to Roberts Elementary! (Buyer must verify eligibility for attendance)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017