409 Falling Leaf Drive
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 |
|---|---|---|---|
| Dec 22, 2023 | Sold | ||
| Sold | |||
| Oct 25, 2023 | Listed by RE/MAX Space Center | $599,900 | |
| Listed by RE/MAX Space Center | |||
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Welcome home to this truly amazing property located at 409 Falling Leaf in Friendswood. Centrally located on over a half acre of wooded bliss with excellent curb appeal. See Amenities List of updates. Upon the inviting entry you will notice the extensive wood flooring, large study, formal dining, updated gourmet island kitchen with quartz counter tops, tile back splash, stainless steel appliances and an abundant amount of storage and cabinetry, large utility room with additional shelved storage room, grand family room with rock fireplace, gracious primary suite with huge walk in closet, dual vanities and grand walk in shower with bench, over sized game room upstairs (could revert to a 5th bedroom option), good sized secondary bedrooms with built in desks + so many updates ~ Please see Amenities List. A wooded lot featuring a GRAND outdoor space, pool & hot tub, dog run, huge driveway with private gate ~ Park many cars + boat, full RV hookup in place. A truly must see so call today!
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About Imperial Gardens
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017