5038 Ivy Fair Way
About This Property
Welcome to this beautiful and well maintained home in the quiet community of Ricewood Village. Upgraded with new flooring, all fresh interior paint with neutral colors and modern light fixtures. Equipped with granite countertops, a tile backsplash, accents cabinets and gas range this stunning kitchen will be a joy to cook your favorite recipes in. Formal dining room temporarily converted into a 4th bedroom but it can be easily switched back to the original designation. Water Heater replaced in 2015. Refrigerator included. Desirable neighborhood with easy access to Clay Rd, Grand Parkway and I-10. Commutes to Cypress and the Energy Corridor are a breeze.
Home never flooded. Make your appointment today! Buyer to verify schools and room measurements independently.
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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 19, 2020 | Sold | ||
| Sold | |||
| May 14, 2020 | Listed by Keller Williams Realty -SW | $184,000 | |
| Listed by Keller Williams Realty -SW | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017