4635 Merwin Street
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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%.
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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 |
|---|---|---|---|
| Aug 15, 2023 | Sold | ||
| Sold | |||
| May 24, 2023 | Listed by Douglas Elliman Real Estate | $450,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Great, largely original one story ranch available for lot value in one of Houston's most desirable, prestigious, inner loop locations. Livable house is good candidate for total renovation and is great opportunity for live now build later. Lot is on south side of Merwin and backs to sound barrier wall. Magnificent magnolia on property near front of rectangular lot. Renovated ranches in AO have values as high as $1.5MM+. New / recent construction values exceed $4MM. Prime location near The Galleria, River Oaks District, Uptown Park, Central Market, Highland Village Retail and Memorial Park. House to be sold as is where is. Seller will do no repairs. According to seller, sewer line replaced and rerouted.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017