$254,900 Last Listed Price
●
House -
Off Market
4061 Mcdermed Drive
Houston, TX 77025
2 Beds
1 Bath
1,285 Ft²
$289,362
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
Welcome to 4061 McDermed! This charming 2 bedroom / 1 bath
Westwood home is situated on a large lot and features lush
landscaping and a fabulous outdoor patio. Located on a quiet
street with beautifully maintained homes, the interior space offers
an incredibly functional layout with separate living and dining
areas, spacious bedrooms with great closet space, and an updated
bathroom. The light and bright kitchen features stainless
steel appliances and offers so much potential. Recently
refinished hardwood floors are found in the living area, dining
area, bedrooms, and hallway; neutral tile flooring is found in the
kitchen, study, and bath. Westwood is a deed restricted
community conveniently located near the Texas Medical Center.
This jewel box home offers great freeway access and is close
to many of the best shopping and dining venues Houston has to
offer.
Unit Size
1,285 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$198
Property Type
House
Property Taxes
$396
HOA Dues
-
Year Built
1953
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (HAR #91653982)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2021 | Sold | ||
| Sold | |||
| Aug 4, 2021 | Listed by BHGRE Gary Greene | $254,900 | |
| Listed by BHGRE Gary Greene | |||
| | |||
|
Welcome to 4061 McDermed! This charming 2 bedroom / 1 bath Westwood home is situated on a large lot and features lush landscaping and a fabulous outdoor patio. Located on a quiet street with beautifully maintained homes, the interior space offers an incredibly functional layout with separate living and dining areas, spacious bedrooms with great closet space, and an updated bathroom. The light and bright kitchen features stainless steel appliances and offers so much potential. Recently refinished hardwood floors are found in the living area, dining area, bedrooms, and hallway; neutral tile flooring is found in the kitchen, study, and bath. Westwood is a deed restricted community conveniently located near the Texas Medical Center. This jewel box home offers great freeway access and is close to many of the best shopping and dining venues Houston has to offer.
| |||
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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HOA + Taxes
About Southwest Houston
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Listed by: Kirsten Abney, BHGRE Gary Greene
Last Updated: 4 months ago
Data Source: HAR , MLS# 91653982
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Last Updated: 4 months ago
Data Source: HAR , MLS# 91653982
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