506 Heights Boulevard
About This Property
Live and work in a charming, vintage bungalow currently used as an office. Living room with beautiful hardwood floors, fireplace with built in bookcases and crown molding. Spacious Kitchen. Extra large room off of secondary bedroom could be used as an office or playroom. House is 1644 (HCAD) square feet with 2 bedrooms and 1.5 baths. Guest quarters is 950 (HCAD) square feet. Patio and Deck. Lots of potential in a great location!
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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 |
|---|---|---|---|
| Sep 29, 2023 | Sold | ||
| Sold | |||
| Jun 19, 2023 | Listed by Greenwood King Properties | $769,000 | |
| Listed by Greenwood King Properties | |||
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A rare find on a tree lined Boulevard and a contributing property in the Houston Heights South Historic District!
Live and work in a charming, vintage bungalow currently used as an office. Living room with beautiful hardwood floors, fireplace with built in bookcases and crown molding. Spacious Kitchen. Extra large room off of secondary bedroom could be used as an office or playroom. House is 1644 (HCAD) square feet with 2 bedrooms and 1.5 baths. Guest quarters is 950 (HCAD) square feet. Patio and Deck. Lots of potential in a great location!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017