3006 Teak Forest Trail
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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 |
|---|---|---|---|
| May 10, 2021 | Sold | ||
| Sold | |||
| Apr 2, 2021 | Listed by eXp Realty, LLC | $229,900 | |
| Listed by eXp Realty, LLC | |||
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Never Flooded. Welcome to the quite family neighborhood of Lake Ridge. Good Katy ISD schools along side all the shopping centers and restaurants you desire. This home has 3 bedrooms, 2 full bathrooms and 1 half bathroom. This home has a large living room and open kitchen area. This home is just a few minutes from I10, Sam Houston Tollway and 99. Once you move here, you will love it so much you will probably never leave. Not much gos up for sell in this subdivion. Come see it while you can.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017