3811 Drake Street
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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 |
|---|---|---|---|
| Jun 9, 2022 | Sold | ||
| Sold | |||
| Feb 9, 2022 | Listed by Greenwood King Properties | $825,000 | |
| Listed by Greenwood King Properties | |||
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This sizeable (11,673 sf) per HCAD property presents a unique and special opportunity to custom build in Sunset Terrace/Montclair, one of Houston's best kept secrets. Situated on the border with West University, Montclair/Sunset Terrace is a wonderful and tight-knit community that enjoys proximity to the Medical Center, Galleria, Houston's major throughfares and sits within blocks of fantastic restaurants and shopping: Berings, Leaf and Grain, Buffalo Grill, Torchy's, Skeeters, Kroger and the new Adair Kitchen and Los Tios(going in 2022). Zoned to West University(buyer must verify eligibility).
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About Central Houston
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Last Updated: 5 months ago
Data Source: HAR , MLS# 25223356
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017