4059 Merrick
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%.
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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 13, 2021 | Sold | ||
| Sold | |||
| Mar 12, 2021 | Listed by Neal Properties | $599,000 | |
| Listed by Neal Properties | |||
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4 bedroom/2 bath home close to Medical Center in highly desirable Ayrshire. Zoned to Mark Twain Elementary and Bellaire High School featuring open kitchen, updated baths, hardwood floors, spacious living areas, and large fenced backyard with lots of extra storage space. Walking distance to Mark Twain Elementary, Neighborhood Parks, and Library plus centrally located to great restaurants and family entertainment. Home has never flooded (per owner).
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About Southwest Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017