3825 Byron Street
About This Property
by West University Modern Homes. This 3,435 sq. ft. residence is move-in ready and located on a cul-de-
sac just blocks away from West U Elementary. It has an open-concept layout with the Kitchen opening
to a large Family Room. The Kitchen features Wood-Mode cabinets and Dacor appliances surrounded by
porcelain countertops. Folding La-Cantina doors open to a low-maintenance backyard, featuring a
TimberTech Azek deck and a pet-friendly artificial turf. Upstairs, the primary retreat features a spa-like
bath with a Victoria + Albert Ravello tub, Grohe faucets, Italian-made cabinet panels and a large walk-in
closet. The 3 secondary bedrooms have ensuite baths and built-in drawers. The 2-car garage includes
dedicated breakers for electric cars. Rooms are pre-wired with CAT6 ethernet and AV wiring. Four wi-fi
access points maximize wireless coverage throughout the house and backyard.
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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%.
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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.
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 27, 2023 | Sold | ||
| Sold | |||
| Jan 31, 2023 | Listed by Douglas Elliman Real Estate | $2,056,000 | |
| Listed by Douglas Elliman Real Estate | |||
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About Southwest Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017