511 Mcdaniel Drive
About This Property
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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 15, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | In contract | - | |
| In contract | |||
| Mar 22, 2024 | Listed by Rock Edwards & Associates, REALTORS | $399,000 | |
| Listed by Rock Edwards & Associates, REALTORS | |||
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Current accepted offer is contingent on buyer selling their home. Let me welcome you to 511 Mcdaniel Drive. A Terrific home located in the Westwood Neighborhood in Magnolia Texas. Many updates recently completed including paint, some flooring, modern style light fixtures and quartz kitchen countertops. Carpet replaced approximately 2020. Beautiful large windows brings lots of natural light into the home. Open style kitchen with stainless steel appliances overlooks the spacious living room featuring high ceilings and wood burning fireplace.The primary bedroom closet is sizeable for most anyone's needs. A Large breakfast area offers views of significant sized backyard, almost a half acre, dotted with mature trees. Currently the front room is set as a office space but certainly flexible as more living or dining spaces. Expect to see the charming deer that roam the neighborhood.
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About Westwood North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017