242 Arabian Drive
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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 28, 2020 | Sold | ||
| Sold | |||
| Aug 19, 2020 | Listed by RE/MAX The Woodlands & Spring | $350,000 | |
| Listed by RE/MAX The Woodlands & Spring | |||
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Located in a 55+ community in The Woodlands. Immaculately maintained. Gourmet kitchen with stainless appliances. All 8 ft doors. Master bath with double vanity, walk-in closet and super extended shower. Gorgeous hardwood floors and tile. Two car + tandem garage and walk up 16 x 12 loft for storage space. Over sized covered patio with outdoor kitchen. Great for out door eating and gathering. The neighborhood features a 14,000 sf clubhouse, tennis and pool. Over sized garage with 3rd tandem bay. Extra storage in garage and stairway to walk in storage.
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About The Woodlands
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017