4920 Austin Drive
About This Property
to Broadway and quick access to all of Galveston. The home has a fenced back yard with a 2 car detached
garage. As you enter this quaint brick cottage you will notice the abundant natural light. Original hardwood
flooring throughout the home. Lot of storage in the spacious kitchen with granite countertops and a separate
laundry room. The backyard has been an oasis for the sellers with a wood deck, outdoor shower, and large
shade tree. Definitely perfect for those backyard get togethers. One of those rare properties with rear access
from a paved street rather than an alley.
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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 15, 2023 | Sold | ||
| Sold | |||
| Feb 27, 2023 | Listed by Coldwell Banker Realty | $295,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
Lovely 2 bedroom 1 bath brick home located in central Galveston. Nestled in Palm Garden subdivision close
to Broadway and quick access to all of Galveston. The home has a fenced back yard with a 2 car detached
garage. As you enter this quaint brick cottage you will notice the abundant natural light. Original hardwood
flooring throughout the home. Lot of storage in the spacious kitchen with granite countertops and a separate
laundry room. The backyard has been an oasis for the sellers with a wood deck, outdoor shower, and large
shade tree. Definitely perfect for those backyard get togethers. One of those rare properties with rear access
from a paved street rather than an alley.
| |||
| Apr 12, 2021 | Sold | ||
| Sold | |||
| Sep 3, 2020 | Listed by BHGRE Gary Greene | $229,000 | |
| Listed by BHGRE Gary Greene | |||
| | |||
|
Cozy 2 bedroom brick home located in Central Galveston in a quiet neighborhood. Hardwood floors and big kitchen with granite countertops. Fenced in back yard with 2 car garage. Owner does have a survey
Back on the market after, shutters removed to allow more light, New paint in every room
New paint on ceilings, New paint on bookcases
Remodeled bathroom – moved sink and replumbed
Power washed concrete sidewalks and house
New landscape and mulch
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Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017