24518 Royal Pike 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 |
|---|---|---|---|
| Aug 23, 2023 | Sold | ||
| Sold | |||
| Jul 19, 2023 | Listed by Keller Williams Woodlands | $315,000 | |
| Listed by Keller Williams Woodlands | |||
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Home is not in 100 yr flood plain. Map is incorrect. Flood determination in attachments (X500). WELCOME HOME -- located just minutes from I-10 and Grand Parkway. Private location with NO REAR NEIGHBORS and a short walk to the lake. Take advantage of great KATY ISD schools and amazing amenities including community pool, splash pad, parks, and more. This 3 bed, 2 bath features GRANITE ISLAND kitchen with breakfast bar, stainless appliances, tile backsplash, and modern white 42" cabinetry that opens to breakfast and family room. High ceilings, recessed lighting, wood look tile in main living area, and neutral paint colors throughout. Private primary featuring bay window, dual vanities, marble look tile giving bathroom a spa like feel, and separate tub/shower. Enjoy your evenings on this relaxing 14x8 covered back patio with plenty of space to entertain. Don't forget about all the extra backyard privacy with NO REAR NEIGHBORS!! Seller recently installed sprinkler system.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017