2923 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 |
|---|---|---|---|
| Oct 8, 2024 | Sold | ||
| Sold | |||
| Sep 10, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | No longer available | - | |
| No longer available | |||
| Aug 27, 2024 | Listed by Daytown International LLC | $388,000 | |
| Listed by Daytown International LLC | |||
| | |||
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Beautiful 2 story home in the heart of South of Katy. Convenient location. Most recent section in Katy Creek Ranch. No backyard neighbor. Primary bedroom downstairs complete with en-suite bathroom and walk-in closet. Three secondary bedrooms plus a large game room upstairs. Minutes to Grand Parkway and I-10. Zoned to top KISD schools. Low tax rate and low HOA. Community Amenities: Playgrounds and swimming pool. Refrigerator, washer, dryer included. Convenient location close to grocery, entertaining and schools. Don't miss this one!
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| Jul 26, 2024 | Price Decreased |
$388,000
↓ $20K
(4.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017