5409 Tocayo Place
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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%.
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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.
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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 24, 2023 | Sold | ||
| Sold | |||
| Apr 26, 2023 | Listed by Martha Turner Sotheby's International Realty | $425,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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Preferred location overlooking the lake and green space in the private, peaceful, gated community of La Sierra of Oak Forest. Free standing, contemporary home with nice size, fully fenced back yard.The downstairs open floor plan has a large living room/dining room combination, island kitchen and separate breakfast area. The primary bedroom with ensuite luxurious bath and walk-in closet is located upstairs plus 2 additional bedrooms and gameroom. High ceilings, lots of windows, wood grained tile flooring, quartz countertops , ceiing fans, recessed lighting are a few of the fine features of this barely lived-in home. Washer, dryer, refrigerator stay. Attached 2 car garage with extra driveway parking. Enjoy the green space, jogging trail, lake, gazebo, dog park - all at your front door. La Sierra of Oak Forest is minutes from the Galleria, Heights, downtown Houston and has easy access to 610,290 and I45. Community double wide streets provide plenty of guest parking.
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| Mar 1, 2022 | Sold | ||
| Sold | |||
| Feb 9, 2022 | Listed by Citiquest Properties | $405,000 | |
| Listed by Citiquest Properties | |||
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UNDER CONSTRUCTION- Estimated Completion Jan 2022. Everything you want in a 4 bedroom floor plan. Set your standards at La Sierra with this exclusively gated community featuring a stunning lake with water features, gazebo, dog park, walking trails, double wide streets with guest parking, private driveways, backyards & more! Fully gated, this is your tranquil and modern escape near the city. Easy access to 610, 290 & I45, minutes from the Heights, Galleria, or downtown Houston. The MILU floor plan offers open space first floor living/dining and kitchen on the first floor with 3 bedrooms plus a bonus area upstairs. The interior is surprisingly Euro style with flat faced cabinets with under mount lighting, wood grained tile flooring, floating vanities, recessed lighting & plenty of natural light! SS appliances, high style back splash, extra large sink & pull down faucet create a luxurious touch to your over 2,200 square foot home.
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About North Houston
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Last Updated: 5 months ago
Data Source: HAR , MLS# 9000146
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