4506 Mcdermed Drive
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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 |
|---|---|---|---|
| Mar 1, 2024 | Sold | ||
| Sold | |||
| Feb 17, 2024 | In contract | - | |
| In contract | |||
| Feb 12, 2024 | Listed by Coldwell Banker Realty - Bellaire-Metropolitan | $525,000 | |
| Listed by Coldwell Banker Realty - Bellaire-Metropolitan | |||
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Nestled on a tranquil cul-de-sac, this stunning, extensively renovated home offers exquisite interiors with the privacy and serenity of a prime location. From the moment you step inside, you are captivated by the warm and elegant stained oak wood floors. The beautifully designed kitchen boasts quartz countertops, soft-close cabinets and drawers, Kohler® faucet and sink, porcelain tile floors and stainless-steel appliances. The thoughtful layout includes plenty of closets throughout. The improved bathrooms feature Carrara marble accents, quartz countertops, contemporary fixtures and finishes, providing a spa-like experience. Each bedroom offers a serene retreat, with ample space to create your own personal sanctuary. With every detail carefully considered and executed, this move-in ready home offers a seamless blend of comfort, style, and functionality. Key updates: interior laundry,PEX plumbing,under slab plumbing,low-E windows,electric panel and rewire.No previous flooding per Seller.
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| Feb 2, 2024 | No longer available | - | |
| No longer available | |||
| Jan 28, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017