5506 Creekside Ridge Trail
About This Property
Located in a beautiful & cozy community nestled off of Fry Road, it is convenient to Katy Mills Mall, offering great shopping and family entertainment. Jasmine Heights is also close to I-10, Beltway 8, and the Grand Parkway/TX99 for easy access to Greater Houston.
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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 |
|---|---|---|---|
| Dec 13, 2024 | Sold | ||
| Sold | |||
| Oct 31, 2024 | In contract | - | |
| In contract | |||
| Sep 20, 2024 | Listed by Step Real Estate | $318,500 | |
| Listed by Step Real Estate | |||
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Welcome to 5506 Creekside Ridge Trail, a beautiful brick and stone home located in the heart of Katy, TX. This spacious property offers modern living with an abundance of natural light flowing through its well-designed interior. The home features stylish brown flooring throughout, giving it a sleek, contemporary feel. The kitchen is equipped with a gas stove, perfect for culinary enthusiasts. Outside, the fenced backyard provides privacy and a great space for outdoor activities. Situated in a prime location, this home offers easy access to top-rated schools, local parks, shopping, and dining, making it an ideal place for both convenience and comfort. Refrigerator, washer & dryer are included. ** T-47 WILL FOLLOW **
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| Apr 8, 2024 | Sold | ||
| Sold | |||
| Mar 9, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017