2402 Monroe Street
About This Property
Owner has completed numerous updates: (New Gas Water heater (2016), cellulose insulation walls and attic (2017), new double pane windows (2017), New Pex plumbing manifold system, water main all new plumbing lines to fixtures (2017), Sheetrock, textured & painted (2018), new downstairs HVAC with 14 seer Gas & Electric HVAC system including ducting (2018), and new roof (2021).
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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 9, 2025 | Sold | ||
| Sold | |||
| May 20, 2025 | In contract | - | |
| In contract | |||
| Mar 7, 2025 | Listed by NE Texas Regional Realty | $250,000 | |
| Listed by NE Texas Regional Realty | |||
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HUD Owned Home FHA Case# 511-297883 Sold AS-IS. A MUST SEE! Very nice turn of the century 2 story craftsman style home. With over 3000 sf living area, this 6 bedroom, 3 full bathrooms, home has so many possibilities. 2 living areas and 2 dining areas. Stylish kitchen with butcher block counters, appliances and breakfast nook. The living room is open to the formal dining and showcases built in cabinetry and a fireplace. There are 2 bedrooms and 1 full bath downstairs and 4 bedrooms and 2 full bathrooms upstairs. Plus a living area upstairs. Tons of natural light with all the large windows and light bright color scheme. The exterior has a large front porch, huge screened in back porch, attached 2 car carport and storage area. This is all sitting on a large lot with street access on 3 sides. Wonderful curb appeal and only minutes to East Texas A&M University. Only a short drive to shopping, dining and I-30 access and within 1 hour from downtown Dallas. Come own a piece of history and a well-cared for home with many upgrades and updates. This home has a lot to offer and will not last at this price. Purchase this home with as little as $100 down when utilizing the HUD FHA Sales Incentive.
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| Feb 11, 2025 | No longer available | - | |
| No longer available | |||
| Oct 19, 2024 | Price Increased |
$226,950
↑ $16K
(7.8%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017