5506 Cypressgate Drive
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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 |
|---|---|---|---|
| Oct 27, 2023 | Sold | ||
| Sold | |||
| Sep 27, 2023 | Listed by Camelot Realty | $225,000 | |
| Listed by Camelot Realty | |||
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Welcome to 5506 Cypressgate in Spring. This well-maintained home on spacious lot offers three bedrooms, 2 full bathrooms, welcoming family room and open kitchen! Exterior brick with two car garage and gated front entry. Many recent updates including exterior/interior paint, new smoke alarms, light fixtures, ceiling fans, new 8" AC ducts to bedrooms & laundry. Enjoy this charming single-story home on cul-de-sac street. Conveniently located to Bush IAH, shopping, dining, and freeway access.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017