4807 Florence 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 |
|---|---|---|---|
| May 27, 2021 | Sold | ||
| Sold | |||
| Apr 23, 2021 | Listed by Compass RE Texas, LLC | $850,000 | |
| Listed by Compass RE Texas, LLC | |||
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Classic white brick home located on a prime cul-de-sac location in Bellaire. Great floorplan offering formals and family room with a fireplace that opens to the covered patio and pool. The primary suite plus two other generous bedrooms are on the second floor as well as a second family room. The third floor has a spacious gameroom or bedroom ready for fun. Many updates including new roof (2020), two new ACs (2020), water heater (2020) and fresh paint (2020). With a 7500 sf lot there is plenty of green space with the pool. Zoned to exemplary schools including Condit Elementary and located near the medical center and downtown. No flooding per seller.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017