3020 Tangley Road
About This Property
First floor has upgraded 12 foot ceilings, Miele appliances, Sub-zero fridge, office, dining room, half bath and breakfast area. Living room and kitchen look out to the sparking pool. To the right there is a large gated area for basketball, chalk and biking. The second floor boasts four bedrooms each with walk-in closets. Owners suite has two closets. Stroll to Weir Park two blocks away or Rice Village. Garage apartment size additional 506 square feet.
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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 |
|---|---|---|---|
| Nov 1, 2024 | Sold | ||
| Sold | |||
| Oct 16, 2024 | In contract | - | |
| In contract | |||
| Oct 12, 2024 | Relisted | $1,770,000 | |
| Relisted | |||
| Oct 11, 2024 | In contract | - | |
| In contract | |||
| Sep 21, 2024 | Listed by Compass RE Texas, LLC - Houston | $1,770,000 | |
| Listed by Compass RE Texas, LLC - Houston | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017