5231 Tall Tower Street
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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 |
|---|---|---|---|
| Mar 25, 2025 | Sold | ||
| Sold | |||
| Mar 7, 2025 | In contract | - | |
| In contract | |||
| Feb 20, 2025 | Listed by Compass RE Texas, LLC - Katy | $379,000 | |
| Listed by Compass RE Texas, LLC - Katy | |||
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Welcome to 5231 Tall Tower Street in the charming Katy Manor community! This stunning 4-bedroom, 2.5-bath, two-story home boasts a modern designer aesthetic with low-maintenance tile flooring throughout the main living areas. The open, airy layout creates a welcoming atmosphere, with the spacious family room seamlessly connecting to the kitchen and dining areas. The kitchen features stainless steel appliances, granite countertops, a chic backsplash, and plenty of cabinet space. A dedicated home office is ideal for remote work. The primary suite offers a large closet, private toilet area, and dual vanities. A huge game room is perfect for family fun. Enjoy four generously sized bedrooms and an updated secondary bath. Solar panels will be paid off at closing, and recent upgrades include a new double oven and water softener. Step outside to a large backyard, perfect for barbecues and entertaining. Don't miss out on this must-see home—schedule your private showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017