405 Gregg 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 |
|---|---|---|---|
| Jun 2, 2022 | Sold | ||
| Sold | |||
| Apr 14, 2022 | Listed by Keller Williams Houston | $450,000 | |
| Listed by Keller Williams Houston | |||
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Welcome to The Blue Royal! This like-new construction end-cap home with additional private parking for guests and NO HOA. Built by Topaz Builders, a boutique construction company with attention to detail compared to the available inventory from their competitors. Walking distance to the new East River Project in EaDo parallels all of the new construction homes at a steal of a price. It comes with a stunning ROOFTOP DECK! Soaring 11ft Ceilings, luxury flooring, and open concept highlight the versatility of all living situations! The home features a consistent bright theme with beautiful contrasting dark accents throughout bringing a unique twist that all guests and homeowners will absolutely love. Spacious bedrooms for all occupants with their own private bathroom. Currently used as an Airbnb and has a proven track record with P&Ls to reflect(Ask us for the numbers!) The owners have Airbnb super host status and are happy to transfer their account over with the sale!
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Property Highlights
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Price/ft²
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About Northeast Houston
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$10,000 /mo
- 2 Beds
- 2 Baths
- 1,300 ft²
$6,700 /mo
- 2 Beds
- 2 Baths
- 1,868 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017