2516 Riverside Drive
About This Property
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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.
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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 |
|---|---|---|---|
| Dec 23, 2021 | Sold | ||
| Sold | |||
| Nov 7, 2021 | Listed by Champions Real Estate Group | $669,000 | |
| Listed by Champions Real Estate Group | |||
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This elegant 1930 Georgian-style home is situated on .26 acres, minutes from the Medical Center, Hermann Park, the Museum of Fine Arts, the Houston Zoo, and downtown. A new HEB is around the corner. The house was meticulously restored ensuring that its character was left intact. Original features consist of its wrought-iron banister and hardwood flooring. Recent updates include a mahogany front door, windows, HVAC system, electrical wiring, supply-side plumbing, Hunter-Douglas shades, granite countertops, fence, gate, refinished wood floors, and tile in the kitchen and upstairs bathrooms. Upon entry, the spacious proportions of the house are apparent, from the expansive living room to the airy dining room with its striking chandelier. French doors in the living room lead into a sunroom; the primary suite offers an additional sunroom. Landscaping features pomegranates, figs, sycamores, oaks, camellias, hydrangeas, daylilies, and spirea. During Hurricane Harvey, the home did not flood!
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About South Central Houston
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Last Updated: 4 months ago
Data Source: HAR , MLS# 60386967
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