3147 Roe Drive
About This Property
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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 |
|---|---|---|---|
| Jul 31, 2024 | In contract | - | |
| In contract | |||
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jul 18, 2024 | Listed by Coldwell Banker Realty - Bellaire-Metropolitan | $119,900 | |
| Listed by Coldwell Banker Realty - Bellaire-Metropolitan | |||
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This property has functioned as both a residence and a commercial space. It offers an excellent opportunity for those interested in renovating it for personal use or as a rental. The layout is versatile, allowing it to serve as both a home and an office. With the inclusion of the converted garage, the total area is just over 1000 sq. ft. (approximately). The seller is highly motivated, which presents a prime investment for those looking to engage in property flipping. Situated at the intersection of the feeder road and the 610 Loop, it provides convenient access to the highway, and Hobby Airport is only a short drive away. The potential here is immense..
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017