3911 Peppermill Road
About This Property
According to the seller, Binglewood has a recently reconstructed drainage system and no flooding.
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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 |
|---|---|---|---|
| Aug 29, 2023 | Sold | ||
| Sold | |||
| Jun 29, 2023 | Listed by CCD Ventures | $350,000 | |
| Listed by CCD Ventures | |||
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Welcome to 3911 Peppermill Rd. This home is located in Spring Branch, and it is well situated off US-290, close to Beltway 8 and just 10 or 12 minutes from the Energy Corridor. The seller has made some improvements, including new A/C ductwork and furnace in 2022, two bathrooms remodeled in 2022, and new plumbing. Exterior paint in 2020 and expanded driveway, nice covered patio, and new fence on the left and right side of the backyard, including the gate.
According to the seller, Binglewood has a recently reconstructed drainage system and no flooding.
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Property Highlights
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Price/ft²
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About Northwest Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017