2622 Broad Reach Road
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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.
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 |
|---|---|---|---|
| Sep 14, 2023 | Sold | ||
| Sold | |||
| Jul 15, 2023 | Listed by Compass RE Texas, LLC | $459,000 | |
| Listed by Compass RE Texas, LLC | |||
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Wonderful 5 bedroom 4 bath home build by K. Hovnanian in 2020. Primary bedroom on ground floor plus additional bedroom with full bathroom on ground floor. One owner - replaced all carpet in bedrooms and 2nd floor with laminate wood floors. Stairs threads replaced with wood threads. All secondry bathrooms with showers. Added a large covered patio on the side. 3rd car garage converted to storage area could easily be converted back to third car garage. 2nd floord game room and media room. Large kitchen open to family room. Wonderful breakfast area overlooking covered patio. Whole house water filter stays.
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| Feb 12, 2021 | Sold | ||
| Sold | |||
| Jan 27, 2021 | Listed by eXp Realty, LLC | $385,000 | |
| Listed by eXp Realty, LLC | |||
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You will love this charming, gated community, where there are amenities galore. Located off of the 288 Corridor and C.R. 58, Newport Lake Estates offers the lifestyle you are looking for. This vibrant community has easy access to the Medical Center, Downtown Houston and Galveston, Texas. The Leo floorplan is the home that you have been looking for. This K. Hovnanian Home features 5 bedrooms, 4 baths and 3 car garage. Two bedrooms down, including owner's suite, with en-suite baths. Large great room with soaring ceilings and an open concept design that flows beautifully. Upstairs, you'll find a loft and media room. Covered patio in backyard, perfect for entertaining. Students are zoned to Manvel High School. This home is a must see, so schedule your appointment today to find out if this home is the best option for you and your family. Offered by: K. Hovnanian of Houston II, L.L.C.
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About Manvel
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Last Updated: 5 months ago
Data Source: HAR , MLS# 58332941
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