3805 Southmore Boulevard
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%.
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 25, 2025 | Sold | ||
| Sold | |||
| Mar 6, 2025 | In contract | - | |
| In contract | |||
| Nov 27, 2024 | No longer available | - | |
| No longer available | |||
| Nov 26, 2024 | Listed by Compass RE Texas, LLC - Houston | $499,900 | |
| Listed by Compass RE Texas, LLC - Houston | |||
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Discover this beautifully renovated three bedroom home with detached garage apartment, offering both style and versatility in a PRIME location! Upon entering the main house you are greeted by an open-concept living area with a flexible space perfect for an office or playroom and a sleek bright kitchen and dining area with a large island and ample storage. Upstairs, you'll find the secondary bedrooms and spacious primary suite with a luxurious soaker tub, double sinks, a walk-in closet, and a cozy sitting area. The garage apartment offers incredible rental or guest suite potential! Enjoy a long gated driveway, providing ample parking and a spacious backyard for outdoor activities. Just steps from the University of Houston, with easy access to downtown, texas medical center and major freeways, this home combines comfort, style, and convenience. Don’t miss out on this must-see property!
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| Nov 2, 2024 | Price Decreased |
$530,000
↓ $20K
(3.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017