2423 Winthrop Drive
About This Property
Calling all cash investors and DIY home owners. Property to be sold As-Is and price reflects condition.
This home brought many special memories and is ready for the next owner to make it their own. Bring your ideas to maximize the space and floor plan. The property features extra square footage beyond what is shown on tax records due to a garage conversion and utility room, bonus storage, den, and sunroom additions. The large backyard features a workshop, storage unit, and greenhouse space all wired for electricity plus an additional storage shed not wired for electricity. It is located minutes from shopping, highways and White Rock Lake.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 5, 2022 | Sold | ||
| Sold | |||
| Mar 26, 2022 | Listed by Lifestyles Realty Central Texa | $160,000 | |
| Listed by Lifestyles Realty Central Texa | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017