2802 Packard Elm Street
About This Property
The property features a charming single-story home with a welcoming front yard and ample driveway space. Inside, you'll find a spacious layout with comfortable living areas, including a bright and airy living room, a functional kitchen with modern appliances, and several cozy bedrooms.
The backyard is perfect for outdoor activities and gatherings, offering a private space for relaxation. The location provides convenient access to major highways, shopping centers, and local schools, making it an ideal spot for both convenience and comfort in Houston.
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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 11, 2024 | Sold | ||
| Sold | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Sep 14, 2024 | Listed by Core Properties | $225,000 | |
| Listed by Core Properties | |||
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2802 Packard Elm, Houston, Texas, 77038 is a well-maintained residential property located in the northern part of Houston. This address is situated in a quiet, family-friendly neighborhood with a mix of single-family homes and green spaces.
The property features a charming single-story home with a welcoming front yard and ample driveway space. Inside, you'll find a spacious layout with comfortable living areas, including a bright and airy living room, a functional kitchen with modern appliances, and several cozy bedrooms.
The backyard is perfect for outdoor activities and gatherings, offering a private space for relaxation. The location provides convenient access to major highways, shopping centers, and local schools, making it an ideal spot for both convenience and comfort in Houston.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017