306 Mulcahy Street
About This Property
The property requires a complete renovation, providing a blank slate to customize to your investment strategy. With no HOA restrictions, investors have the flexibility to modernize and maximize rental or resale potential. ample space for upgrades, this property invites you to reimagine its full potential. Don't miss out on this excellent investment in a thriving area-schedule your tour today!
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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 |
|---|---|---|---|
| Dec 20, 2024 | Sold | ||
| Sold | |||
| Nov 30, 2024 | In contract | - | |
| In contract | |||
| Nov 11, 2024 | Listed by Compass RE Texas, LLC - The Heights | $150,000 | |
| Listed by Compass RE Texas, LLC - The Heights | |||
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Investor Special! Welcome to 306 Mulcahy Street—an ideal renovation opportunity in Rosenberg, TX. This 1,992 sq. ft. property offers three bedrooms, two baths, and is priced at just $150,000, presenting a rare chance to create value in a high-demand market. Located in Fort Bend County's Goar & Songer subdivision and within the Lamar Consolidated School District, this 1968-built home sits just 40 minutes from downtown Houston, offering a balance of suburban charm and city convenience.
The property requires a complete renovation, providing a blank slate to customize to your investment strategy. With no HOA restrictions, investors have the flexibility to modernize and maximize rental or resale potential. ample space for upgrades, this property invites you to reimagine its full potential. Don’t miss out on this excellent investment in a thriving area—schedule your tour today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017