2735 Colony 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 |
|---|---|---|---|
| Oct 3, 2021 | Sold | ||
| Sold | |||
| Jul 22, 2021 | Listed by RE/MAX United | $300,000 | |
| Listed by RE/MAX United | |||
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PRICE LOWERED for quick sale. Beautiful and RARE 4-bedroom home in the popular Colony Bend neighborhood, ready for move-in! Great family home with recent updates top to bottom so you won’t have to worry! NEW A/C unit, NEW flooring, NEW roof, and fresh coat of paint, both inside and out - over $50,000 spent on NEW updates! Vaulted ceiling in both the living room (19 ft) and master suite (16 ft) for a luxurious feel with 24 NEW windows to ensure there’s plenty of sunlight all day! 3 secondary bedrooms -2 of them oversized- allow for comfortable upstairs living or office space! Ample storage space. Unbeatable location in the heart of Sugar Land with low tax rate and a relaxing backyard view with a newly laid patio. Walking distance to the elementary school and middle school, and zoned to the legendary Clements High School! Close to shops, restaurants, and Highway 6 AND Highway 59! Never flooded.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017