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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%.
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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 |
|---|---|---|---|
| Dec 1, 2023 | Sold | ||
| Sold | |||
| Oct 30, 2023 | Listed by UTR TEXAS, REALTORS | $545,000 | |
| Listed by UTR TEXAS, REALTORS | |||
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Highly sought after single story situated in Friendswood's prestigious neighborhood of "The Forest". The large lot is tucked into the woods and has not back neighbors on a very quiet street. The home offers 4 bedrooms and 3 full baths featuring a split bedroom arrangement. You will appreciate all the attention to detail that the original owners put into the design and construction of this home especially with built-ins in the kitchen, den, and bedroom/office maximizing storage and appearance throughout the home. TV can be concealed with pocket-door slides. The rear bedroom/study has designated rear entrance access. Many pocket doors to maximize traffic patterns. The KitchenAid electric kitchen including "built-ins" and under counter lighting, side-by-side refrigerator 48" counter depth, KitchenAid double self cleaning oven with convection/microwave options. Space saving Rec-a-shelf, pull out concealed cutting board, recycling pullout trash. 4 large pantry pullouts for full viewing.
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Property Highlights
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About The Forest
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017