3306 Explorer Way
About This Property
The home also features a three-car garage with separate bays-one for two vehicles and another for a single vehicle. Both garages are equipped with quiet garage door openers and durable epoxy flooring.
Every bedroom offers a spacious closet, and the open-concept kitchen flows seamlessly into the living and dining areas, creating the perfect space for entertaining and everyday living. The fireplace in the living room has Wi-Fi accessibility. No carpet!
Step outside to a generously sized backyard, where you'll find a beautiful pool and inviting patio area-ideal for relaxing, hosting gatherings, or enjoying the outdoors year-round. New irrigation system controlled with Wifi
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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 |
|---|---|---|---|
| Aug 21, 2026 | Price Decreased |
$475,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Jul 14, 2026 | Listed by Compass RE Texas, LLC - Memorial | $485,000 | |
| Listed by Compass RE Texas, LLC - Memorial | |||
| Mar 8, 2024 | Sold | ||
| Sold | |||
| Feb 11, 2024 | In contract | - | |
| In contract | |||
| Jan 9, 2024 | Relisted | $395,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017