3523 Rapid Creek Lane
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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 18, 2024 | Sold | ||
| Sold | |||
| Jul 3, 2024 | In contract | - | |
| In contract | |||
| Jun 21, 2024 | Listed by Keller Williams Memorial | $419,000 | |
| Listed by Keller Williams Memorial | |||
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Discover your dream home! Stunning 3-bedroom, 2.5-bath, 1-story gem in the highly sought-after Cross Creek Ranch, zoned to Katy ISD. This beautifully designed home boasts a split floor plan, providing privacy and convenience for families of all sizes. Step inside to find a formal dining room, expansive living area, and a kitchen equipped with a dry bar that seamlessly opens to the living space, perfect for entertaining. Tile and wood flooring throughout. Eco-conscious buyers will appreciate the solar panels, offering significant savings on energy bills, as well as the water softener and filtration systems for pure, clean water throughout the home. Outside, the sprinkler system ensures a lush, green lawn year-round. Enjoy the benefits of living in a master-planned community, just minutes from state-of-the art recreation center, major thoroughfares, shopping, and entertainment. Experience comfort, convenience, and savings in one of the most desirable neighborhoods in the area.
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| Jun 15, 2024 | No longer available | - | |
| No longer available | |||
| May 16, 2024 | Listed by Coldwell Banker Realty - Memorial Office | $429,000 | |
| Listed by Coldwell Banker Realty - Memorial Office | |||
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Come see this great home located in the community of Cross Creek Ranch. This charming 1 Story home includes solar panels, a water softener with filtration system. Full Sprinkler system front and backyard. 3 bedrooms with no carpet throughout the home. Spacious living area, and a separate formal dining room. This peaceful neighborhood has miles and miles of walking trials, and recreational opportunities. Granite countertops, 42" Kitchen Cabinets with undercabinet lighting, stainless steel kitchen appliances, vaulted high ceilings with crown molding. Excellent School district.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017