4524 Mimosa 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 |
|---|---|---|---|
| Jan 31, 2022 | Sold | ||
| Sold | |||
| Apr 30, 2021 | Listed by Forever Realty | $488,000 | |
| Listed by Forever Realty | |||
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Large lot located on the desired 4500 block in Bellaire. Zoned to Horn Elementary school, Pin Oak/Pershing Middle School and Bellaire High School (verify school information). The Cul-de-sac of Mimosa offers a low traffic neighborhood street. Perfect for your custom build.
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| Jan 20, 2021 | Sold | ||
| Sold | |||
| Jul 3, 2020 | Listed by Reach Real Estate Group, LLC | $419,900 | |
| Listed by Reach Real Estate Group, LLC | |||
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Dont miss this wonderful neighborhood! Ideally located in 4500 block, Cul De Sac street and inner loop cleared lot is ready for you to build your dream home. Lot is on a beautiful mature oak trees line street, provide cooling shade to the home. Four blocks from Horn Elementary School, walking distance to neighborhood parks and pool. Easy access to 610, a short drive to newly opened HEB, Meyerland Shopping Centers, Lowes, Chase bank and etc. Location is easy drive to Downtown Houston, Medical Center and Galleria Mall, NRG, Houston Zoo and so much more. Property is zoned to highly recognized and desirable Horn Elementary School, Pershing Middle School and Bellaire High School. Survey and Elevation Certificate available.
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About Southwest Houston
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Last Updated: 4 months ago
Data Source: HAR , MLS# 65922806
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