2707 Alexander DR
About This Property
Designed with entertainment in mind, the backyard is perfect for hosting gatherings, offering ample room around the bar and deck. The kitchen is a chef's delight with its large open concept, stainless steel appliances, and generous counter space.
For those seeking peace of mind, recent updates include the HVAC system (August 2023), roof shingles (February 2024), water heater (March 2024), and carpets (March 2024), ensuring a move-in-ready experience.
Schedule your tour today and seize the opportunity to make this dream home yours!
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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 26, 2024 | In contract | - | |
| In contract | |||
| Mar 21, 2024 | Listed by Compass RE Texas, LLC | $375,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017