227 Michael 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 |
|---|---|---|---|
| May 17, 2024 | Sold | ||
| Sold | |||
| Mar 26, 2024 | Listed by League Real Estate | $275,000 | |
| Listed by League Real Estate | |||
| Nov 10, 2023 | Sold | ||
| Sold | |||
| Oct 11, 2023 | Listed by Keller Williams Realty FtWorth | $210,000 | |
| Listed by Keller Williams Realty FtWorth | |||
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HIGHLY DESIRABLE LOCATION & CONVENIENT to I-35 with lots of Shopping & Restaurants Nearby in Popular Downtown Burleson. MOVE IN JUST IN TIME TO CELEBRATE THE HOLIDAYS! Plus Only 25 Minutes from Downtown Fort Worth. Lovely One Story Brick 3 bedroom, 2 bath, 2 car garage home situated on a Spacious Treed Lot in an established neighborhood. Home features Central Air & Heat with Neutral Colors throughout with a large covered patio overlooking the treed backyard with a nice size storage shed. Floorplan features Large bedrooms with carpet throughout and tile in bathrooms, kitchen & breakfast areas. Move in Ready and can close Quickly if Buyer desires. Don't miss out on this AFFORDABLE HOME. MUST SEE!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017