5450 Mersea 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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 28, 2025 | In contract | - | |
| In contract | |||
| Jul 23, 2025 | Listed by Lions Gate Realty | $325,000 | |
| Listed by Lions Gate Realty | |||
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Welcome to this beautifully maintained 4 bedroom, 2.5 bath home perfectly situated on a desirable corner lot. Enjoy the elegance of marble-look tile flooring throughout no carpet and soaring high ceilings that create a spacious, airy feel. The open-concept layout offers comfort and functionality, ideal for both daily living and entertaining. Step outside to a covered patio perfect for relaxing or hosting guests. The garage features an A/C split unit, providing a comfortable workspace or extra climate-controlled storage. With a motivated seller, this is your opportunity to own in one of Katy’s most sought-after areas. Don’t miss out—schedule your showing today!
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| Jun 12, 2024 | Sold | ||
| Sold | |||
| Apr 30, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017