3615 Sheldon 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%.
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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 |
|---|---|---|---|
| May 6, 2025 | Sold | ||
| Sold | |||
| Apr 10, 2025 | In contract | - | |
| In contract | |||
| Apr 7, 2025 | Listed by LPT Realty, LLC | $350,000 | |
| Listed by LPT Realty, LLC | |||
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Prime location with quick access to Hwy 288, Beltway 8, and just minutes from the Medical Center, Downtown, shopping, and TOP-RATED Pearland ISD schools. Endless potential in this beautifully updated home featuring high ceilings, a cozy fireplace, and fresh wood laminate flooring throughout. The kitchen includes enough storage and space for family events. The spacious primary suite is located on the first floor with dual closets and a luxurious ensuite bath with double sinks, a separate shower, and jacuzzi tub. Upstairs offers two additional bedrooms, a full bath, and a versatile game room. Enjoy a formal dining room with crown molding, a separate laundry room, and a lovely backyard. Recent upgrades in 2022 include fresh interior/exterior paint.
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| Jul 20, 2022 | Sold | ||
| Sold | |||
| Apr 29, 2022 | Listed by Texas Real Estate Services LLC | $349,900 | |
| Listed by Texas Real Estate Services LLC | |||
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This beautiful, 2 story, 3 bed / 2.5 bath / 2 attached car garage, the house is located in the highly desirable Southdown subdivision. The living room with the high ceiling has a nice fireplace area. There is a separate formal dining room with crown molding. Master Bedroom is on the 1st floor with two separate master closets. The Master bathroom has double sinks, a separate shower, and a jacuzzi tub. Two other rooms and a game room with a full bath are located upstairs. The kitchen has a nice dining area with new stainless steel appliances (free-standing gas oven and range and range and refrigerator). There is a separate laundry room and a lovely backyard. 2022 UPGRADES: New fresh exterior paint, fresh interior paint, and brand new gorgeous wood laminate flooring throughout the house. Location location location! Easy access to 288 hwy., Beltway 8. 15 minutes to Medical Center or 20 minutes to downtown. Close to shopping and entertainment center! ZONE TO TOP-RATED PEARLAND ISD SCHOOLS!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017