3318 Springhill 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 15, 2022 | Sold | ||
| Sold | |||
| Jun 22, 2022 | Listed by RE/MAX Signature Galleria | $320,000 | |
| Listed by RE/MAX Signature Galleria | |||
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Welcome to 3318 Springhill Drive! Located in Quail Valley North, this spacious home sits on a quiet street with beautiful fresh landscaping, brick exterior, and is zoned to Fort Bend ISD! You'll love the features this home has to offer, including a spacious living room with a cozy fireplace, wood cabinetry with under cabinet lighting, granite countertops, fully fenced backyard, back patio with pergola, heated pool with spa, and so much more! Notable features include double paned windows, wet bar, hardwood floors and tile throughout, both bathrooms updated to include tiled baths, framed mirrors, and granite countertops, iron backyard gate, stainless steel appliances, a double exhaust system with a double oven stove, recessed lighting in the dining room and kitchen, and a smart thermostat and switches! Ring doorbell and security system are included with the sale. Quail Valley is minutes from 69 and HWY 6-in an excellent location! Never Flooded.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017