5101 Sterling DR
About This Property
Experience year-round enjoyment in the climate-controlled sunroom, where you can sip your morning coffee as the sun rises, lose yourself in a good book listening to the calming rain, or savor a meal with panoramic views of the landscape. The roomy primary suite extends the outdoor connection with private access to the sunroom, complemented by elegant crown molding, an impressive tray ceiling, and recessed lighting. The ensuite bathroom offers true retreat with a soaking tub, walk-in shower, dual vanity, and ample walk-in closet space.
Two additional spacious bedrooms are available, with oversized windows in one and direct patio access in the other, ensuring each room captures the natural light and outdoor features. Recent noteworthy upgrades, including a new roof, gutters, and an insulated garage door completed by September 2024, enhance the home's comfort and efficiency. Solar screens on all windows and plantation shutters in communal spaces provide added comfort. The beautifully landscaped lot is complete with a full irrigation system for easy maintenance and a permanent storage shed to keep your garage clutter-free. This home promises a slow-paced, private, and outdoor-infused lifestyle, waiting for its next fortunate owner to seize the opportunity to make it their own.
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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 |
|---|---|---|---|
| May 1, 2025 | In contract | - | |
| In contract | |||
| Apr 21, 2025 | Listed by Compass RE Texas, LLC | $305,900 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017