3807 Drake Street
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 |
|---|---|---|---|
| Apr 8, 2022 | Sold | ||
| Sold | |||
| Feb 9, 2022 | Listed by Greenwood King Properties | $1,399,999 | |
| Listed by Greenwood King Properties | |||
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Custom built in 2006(per HCAD) & renovated in 21/22, 3807 Drake is a spectacular & lovingly cared for home with all the features desired today, including gas generator. The just-completed kitchen renovation showcases new shaker-style cabinets,white quartzite counters,all new JennAir appliances,faucets & dual sinks. Interiors sparkle with refinished oak floors,upgraded light fixtures, & beautiful fresh white painted walls/trim.Enjoy the impressive 10,979 sf lot(per HCAD) by the stunning pool with hot tub & water feature,large & covered outdoor kitchen/entertaining space with fireplace & new gas grill/venthood (2022). The family room with fireplace opens to the kitchen & overlooks the pool. In addition to the warm, paneled study with fireplace, a home-office sits just off the kitchen. The oversized garage apartment(720 sq ft per HCAD) with kitchenette is the perfect getaway for houseguests or additional office. Zones to West U Elementary(buyer to verify eligibility). All info per seller
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017