38 E Wedgemere Circle
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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 |
|---|---|---|---|
| Mar 24, 2023 | Sold | ||
| Sold | |||
| Mar 2, 2023 | Listed by RE/MAX Integrity | $1,100,000 | |
| Listed by RE/MAX Integrity | |||
| Oct 15, 2021 | Sold | ||
| Sold | |||
| Sep 14, 2021 | Listed by HomeSmart Fine Properties | $659,000 | |
| Listed by HomeSmart Fine Properties | |||
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EXCELLENT OPPORTUNITY to acquire a FORMER SHOWCASE HOME with POOL, SPA, AND separate HOT TUB on a PREMIUM LOT in the heart of The Woodlands! This special custom home is on a BEAUTIFULLY WOODED LOT, and with NEARLY HALF an ACRE, there is room for the pool/spa/hot-tub, multi-level deck with built-in seating, and still plenty of lawn to play on. WONDERFUL FLOOR PLAN!! Grand double-height foyer, large formal Living Room with fireplace. Formal Dining Room w/Dry Bar. Family Room w pool views and/2nd Fireplace! Kitchen with ample storage and counter space, island, double ovens, & walk-in pantry! Kit is open to fam room and a spacious breakfast area. High ceilings. Split staircase to foyer and family rooms! GREAT GAME ROOM with w/window seats overlooking the pool. Circle driveway and extra parking. Driveway Gate. Storage building. Sprinkler system. Porte-cochere! 3-Car Garage (not tandem!). FABULOUS LOCATION near all the amenities that make The Woodlands an award-winning community.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017