24222 Lone Elm 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 |
|---|---|---|---|
| Mar 8, 2024 | Sold | ||
| Sold | |||
| Feb 16, 2024 | In contract | - | |
| In contract | |||
| Feb 5, 2024 | No longer available | - | |
| No longer available | |||
| Feb 4, 2024 | Listed by Real Properties | $222,000 | |
| Listed by Real Properties | |||
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This stunningly renovated 3 bedroom, 2 bathroom home in Spring TX is now available for sale. Situated in a prime location near 45 North, Exxon, and just north of 1960, this property boasts an abundance of nearby restaurants and is conveniently located near IAH-George Bush International Airport and the Hardy Toll Road. With an attached two-car garage and pristine floors throughout, including luxurious quartz countertops, this home offers both style and functionality. The fully fenced backyard is perfect for families to enjoy, and the Spring ISD school district is highly regarded. Additional features include a high ceiling in the living room, new Anderson windows, an ADT alarm system, and a Ring for added safety. Don't miss out on the opportunity to view this exceptional property - it won't last long! With beautiful updates including wood floors, an updated kitchen and bathrooms, and a recent AC unit, this home is a must-see.
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| Jan 31, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017