2911 Orchid Ranch 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 |
|---|---|---|---|
| Aug 31, 2024 | Sold | ||
| Sold | |||
| Jul 31, 2024 | In contract | - | |
| In contract | |||
| Jul 19, 2024 | Listed by Nextgen Real Estate Properties | $355,000 | |
| Listed by Nextgen Real Estate Properties | |||
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Wonderful two-story home is situated in the heart of South Katy, within the most recent section of Katy Creek Ranch. Enjoy the convenience of a prime location. It is zoned to top KISD schools, including the highly sought after Cinco ranch high school!! With a low tax rate and low HOA fees, it offers great value. Community amenities include playgrounds and a swimming pool. Don’t miss out on this opportunity!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017