318 Westminster Drive
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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 |
|---|---|---|---|
| Jan 25, 2024 | Sold | ||
| Sold | |||
| Nov 15, 2023 | Listed by Engel & Volkers Houston | $2,195,000 | |
| Listed by Engel & Volkers Houston | |||
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Beautifully updated original ranch style home in the sought-after neighborhood of Huntleigh. This home offers spacious living areas perfect for entertaining including large formals, a family room that opens to the sprawling backyard, plus a fantastic bar room. The recently updated kitchen boasts quartzite countertops, large working island, sub-zero refrigerator, commercial grade Wolf gas range, large walk-in pantry and an abundance of cabinet space. The downstairs primary bedroom and bathroom is separate from the secondary bedrooms. Two of the secondary bedrooms along with the gameroom are on the first floor while the remaining two bedrooms are on the second floor. The lusciously landscaped oversized backyard boasts a swimming pool, large fountain, plenty of green space for a batting cage, playset, or just for playing ball. This rare find will not last long.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017