3622 Lake Falls 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 |
|---|---|---|---|
| Dec 20, 2021 | Sold | ||
| Sold | |||
| Oct 21, 2021 | Listed by Greater Houston REP, Inc. | $455,000 | |
| Listed by Greater Houston REP, Inc. | |||
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Gorgeous Perry Home in desirable Cross Creek Ranch, close to elementary school, and amenities. This home features high ceilings though out; mahogany leaded glass front door, with keyless entry; warm wood tile floors through out home (except game room which has carpet); study with French doors and closet for add't storage; kitchen features large island with built in seating and pendant lighting, corner pantry, stainess steel GE Profile appliances, 5 burner gas cook top, convection oven, undercabinet lighting; bright family room with floor outlet; primary bedroom with backyard views, soaker tub, walk in shower, separate vanities and large walk in closet; backyard has covered back patio with relaxing water feature and beautiful landscaping; guest room has on-suite and walk in closet; dimmer switches; garage door opener with keyless access; backpack rack, sprinkler and alarm systems; and tons of energy efficient features.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017