22311 Fairbay 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%.
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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, 2023 | Sold | ||
| Sold | |||
| Jul 4, 2023 | Listed by JPAR-The Sears Group | $699,000 | |
| Listed by JPAR-The Sears Group | |||
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THIS IS THE ONE! Don't miss this Beautiful 5 bedroom, 3.5 baths, with oversized 3 car garage all nestled on a cul-de-sac in Cinco Ranch South Lake Village. Right off the entry you will find an executive study with french doors and formal dining. The large living room overlooks the large Oasis backyard with pool, spa and lush, mature landscaping. The Gourmet Kitchen was updated in 2016 with open kitchen/living space perfect for entertaining, large island kitchen and new flooring. FRIDGE/WASHER/DRYER INCLUDED! Breakfast nook with bay windows. Gorgeous hardwood floors throughout the house including the second floor. NO Carpet! Primary suite has access to the backyard/pool area and includes an en suite with double closets, separate shower and soaking tub. Large Game Room upstairs. Enjoy all of the Cinco amenities including walking trails and the beach club pool facility...all just a short walk away. Easy access to Grand Parkway and I-10 and a short drive to British International School.
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About Cinco Ranch
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017