5412 Balmorhea 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 |
|---|---|---|---|
| Mar 23, 2023 | Sold | ||
| Sold | |||
| Feb 2, 2023 | Listed by RE/MAX Synergy | $299,900 | |
| Listed by RE/MAX Synergy | |||
| Jun 24, 2020 | Sold | ||
| Sold | |||
| Jan 12, 2020 | Listed by Optima Realty | $225,000 | |
| Listed by Optima Realty | |||
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Great Home in a Great part of Pearland. 3 BR, 2 1/2 bath. This home has a new A/C, New Duct Work, Fresh paint Downstairs, New Carpet throughout the home and the tile has been professionally cleaned. The Maser Bathroom has a new custom shower being installed. LOW HOA and a LOW Tax Rate. Zoned to Pearland ISD schools. The Master Shower will have new glass installed this week.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017