3119 Norris Drive
About This Property
Updated kitchen features Brazilian granite countertops, Kraftmaid cabinetry, commercial range with second oven and warming drawer. There is a large patio right off of the kitchen for enjoying the spacious backyard with mature landscaping. Minutes from the Texas Medical Center, and downtown with great access to loop 610 . Walking distance to Braeswood hike & bike trail. No Flooding per seller. Come see this gem 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 |
|---|---|---|---|
| Sep 30, 2022 | Sold | ||
| Sold | |||
| Aug 23, 2022 | Listed by Abundant Living Real Estate | $459,000 | |
| Listed by Abundant Living Real Estate | |||
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Charming curb appeal and a RARE 4 bedroom home in Knollwood Village! Meticulously maintained with wood plantation shutters and hardwood floors throughout. New underground plumbing & primary bath updated in 2016. Nice open floor plan is great for relaxed living and entertaining, with kitchen bar open to family room/dining area. 4th bedroom off of den has access to adjacent plumbing from garage which allows for a possible 3rd bathroom that could be easily added.
Updated kitchen features Brazilian granite countertops, Kraftmaid cabinetry, commercial range with second oven and warming drawer. There is a large patio right off of the kitchen for enjoying the spacious backyard with mature landscaping. Minutes from the Texas Medical Center, and downtown with great access to loop 610 . Walking distance to Braeswood hike & bike trail. No Flooding per seller. Come see this gem today!
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Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Southwest Houston
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Last Updated: 5 months ago
Data Source: HAR , MLS# 7677405
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