3643 Merrick Street
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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.
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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 30, 2021 | Sold | ||
| Sold | |||
| Apr 13, 2021 | Listed by Martha Turner Sotheby's | $1,949,000 | |
| Listed by Martha Turner Sotheby's | |||
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Grand Mediterranean home on a beautiful Braes Heights corner w/ old growth hardwood trees & beautifully manicured landscaping, complete w/ a gorgeous fountain to welcome you home. Inside the grand foyer, double formals flank the hallway with classic wood beam ceilings & magnificent light fixtures. Down the hallway is a light filled kitchen perfectly appointed to delight any chef. Just beyond is the fantastic two story den w/ loads of custom built-ins and plenty of space to relax. The 1st floor primary bedroom will not disappoint w/ French doors leading to a private balcony and recently renovated bathroom and a custom closet to dream of. Upstairs are 3 bedrooms, with their own en suite, & a large gameroom, with separate media room, complete w/ theater seating & equipment that stays. For working or schooling from home, there's a perfect private library as well as dual built in desks. Outside, a covered patio w/ summer kitchen leads to the pool and spa & your very own treehouse.
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About Southwest Houston
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Last Updated: 6 months ago
Data Source: HAR , MLS# 19536948
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017