4032 Rice Boulevard
About This Property
lower wrap around porch and adorned by gas lanterns; Classic New Orleans style rear garden with an awning
covered patio, fountain, pergolas, ceiling fans and mosquito system; lovely interior with a unique and flexible
floorplan; Formals on the first floor with an open Kitchen and Breakfast room, one bedroom/study with full
bath down; sumptuous primary bedroom upstairs with adjoining study/bed 5; Two secondary bedrooms with
walk-in closets and Hollywood style bath; minutes from Downtown and the Med Center, great schools and
shopping.
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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 |
|---|---|---|---|
| Aug 31, 2020 | Sold | ||
| Sold | |||
| Jun 19, 2020 | Listed by Douglas Elliman Real Estate | $1,400,000 | |
| Listed by Douglas Elliman Real Estate | |||
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About Southwest Houston
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Last Updated: 3 years ago
Data Source: HAR , MLS# 59417065
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