4427 Lemac 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 |
|---|---|---|---|
| Jul 9, 2024 | Sold | ||
| Sold | |||
| Jun 19, 2024 | In contract | - | |
| In contract | |||
| May 14, 2024 | No longer available | - | |
| No longer available | |||
| May 13, 2024 | Listed by Martha Turner Sotheby's International Realty | $498,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
| | |||
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Charming mid century modern home with 5 bedrooms, 3 updated bathrooms & remodeled kitchen is ready for you to move right in! Enter to the open L shaped living room/dining room space which allows for versatility to create the layout of your choice. The family room has a wall of shelving perfect for books, pictures or nick nacks and overlooks the all weather sunroom with screens and storm windows. Beautiful hardwood floors flow thru the living areas. The huge backyard is perfect for sports or a pool.
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| Apr 7, 2024 | Price Decreased |
$525,000
↓ $24K
(4.4%) | |
| Price Decreased | |||
Property Highlights
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Price/ft²
Listed On
Sold On
About Southwest Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017