31
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503 Shenandoah Drive
About This Property
NO HOA, NO MUD taxes, LOW tax rate.
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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%.
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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 |
|---|---|---|---|
| Mar 5, 2025 | Sold | ||
| Sold | |||
| Feb 4, 2025 | In contract | - | |
| In contract | |||
| Jan 16, 2025 | Listed by CB&A, Realtors | $385,900 | |
| Listed by CB&A, Realtors | |||
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This is a modern-traditional home in the quiet community of Shenandoah Valley offering 4 beds & 2 baths! Over-sized lot with a detached 2 car garage. Has three nicely sized secondary bedrooms with new carpet. Primary has two closets. Freshly painted and has several nice updates throughout the home. Kitchen has new flooring and Cabinet doors. Just mins from I-45, The Woodlands Mall & Market Street, local hospitals, shopping & entertainment.
NO HOA, NO MUD taxes, LOW tax rate.
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| Apr 24, 2020 | Sold | ||
| Sold | |||
| Apr 6, 2020 | Listed by Compass Re Texas, LLC | $199,000 | |
| Listed by Compass Re Texas, LLC | |||
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Great opportunity located in the small quiet town of Shenandoah and established community of Shenandoah Valley! This single story 4 bedroom and 2 bath home is situated on an over-sized lot with a 2 car detached garage. Features include engineered wood and tile flooring and formal dining with chair rail molding and wall of windows. Stainless steel appliances in kitchen and true breakfast area. Enjoy backyard views in the spacious den with vaulted exposed beam ceiling and gas log fireplace accentuated by a lovely brick wall. Master offers his/her closets and tiled shower in bath. Three nicely sized secondary bedrooms with tile flooring. Entertain on the patio and pool size backyard! Close proximity to community pool and park and zoned to great Woodlands schools! Easy access to I-45 and within biking distance of the Woodlands Waterway, Woodlands Mall, Cynthia Woods Mitchell Pavilion, fine dining and much more!
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About Shenandoah
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017