5231 Heatherbrook Drive
About This Property
This investment property presents a great opportunity for a FHA 203k buyer looking to renovate and make improvements. While the property requires extensive repairs, it offers a blank canvas for someone with the vision to transform it into a stunning home or profitable rental property. With the right renovations, this property has the potential to increase in value and provide a good return on investment.
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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 |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Oct 23, 2024 | In contract | - | |
| In contract | |||
| Oct 4, 2024 | Relisted | $150,000 | |
| Relisted | |||
| Oct 1, 2024 | In contract | - | |
| In contract | |||
| Jul 28, 2024 | Listed by The Property Store | $150,000 | |
| Listed by The Property Store | |||
Property Highlights
Building Info
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Price/ft²
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About Southwest Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017