$388,500 Last Listed Price
●
House -
Off Market
5118 Redleaf Forest Lane
Katy, TX 77494
5 Beds
3 Baths
2,548 Ft²
$437,238
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
Rare to find 5 Bedrooms 3 full baths,Two Story Home on a Corner Lot
with huge Pool Size backyard in the CInco Ranch.Interiors features
are High Ceilings with open floor plan, and nice kitchen with
Granite Counters open to the living room. Lots of windows with
natural day lights. Laminate Wood Floors are all throughout the
house in living room, bedrooms even on staircase and hallways
too. The Primary Bedroom plus the three other bedrooms and a nice
Game room are on the second floor, and the 5th bedroom with full
bath downstairs is an ideal setting for a family with elderly
members. The new one year old energy efficient Air Conditioning and
the Gas Heater is a big plus and the roof looks having a good life
expectancy as well. Exemplary schools with low Property Taxes rate
2.37% only. Cinco Ranch Master Planned Community with having access
to 7 different community clubs, Swimming Pools, Tennis Courts,
Water splash Playgrounds and several miles of biking and walking
trails too
Unit Size
2,548 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$152
Property Type
House
Property Taxes
$550
HOA Dues
$93
Year Built
2006
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (HAR #18965804)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 18, 2021 | Sold | ||
| Sold | |||
| Sep 16, 2021 | Listed by Champions Real Estate Group | $388,500 | |
| Listed by Champions Real Estate Group | |||
| | |||
|
Rare to find 5 Bedrooms 3 full baths,Two Story Home on a Corner Lot with huge Pool Size backyard in the CInco Ranch.Interiors features are High Ceilings with open floor plan, and nice kitchen with Granite Counters open to the living room. Lots of windows with natural day lights. Laminate Wood Floors are all throughout the house in living room, bedrooms even on staircase and hallways too. The Primary Bedroom plus the three other bedrooms and a nice Game room are on the second floor, and the 5th bedroom with full bath downstairs is an ideal setting for a family with elderly members. The new one year old energy efficient Air Conditioning and the Gas Heater is a big plus and the roof looks having a good life expectancy as well. Exemplary schools with low Property Taxes rate 2.37% only. Cinco Ranch Master Planned Community with having access to 7 different community clubs, Swimming Pools, Tennis Courts, Water splash Playgrounds and several miles of biking and walking trails too
| |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Seven Meadows
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Currently no similar homes aroundNearby Rentals
Listed by: Amir Salehian, Champions Real Estate Group
Last Updated: 5 months ago
Data Source: HAR , MLS# 18965804
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Last Updated: 5 months ago
Data Source: HAR , MLS# 18965804
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