4701 Vernon Street
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 |
|---|---|---|---|
| Jun 25, 2024 | Sold | ||
| Sold | |||
| May 3, 2024 | In contract | - | |
| In contract | |||
| Apr 25, 2024 | Listed | $140,000 | |
| Listed | |||
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Prime corner lot opportunity in Houston's vibrant landscape awaits at 4701 Vernon St. This spacious parcel of land sits conveniently near the bustling I-10 freeway, offering easy access for commuters and businesses alike. Surrounded by the educational hubs of Wheatley High School and Henderson Elementary School, it's an ideal location for families seeking proximity to elementary and high school. With ample space and a ready-to-develop status, this lot presents endless possibilities for residential or commercial ventures in one of Houston's most dynamic neighborhoods.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017