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5506 Salem Walk DR
About This Property
The stunning owner's suite features, large picture windows that peek into the backyard, vaulted ceilings and a modern sliding farm door that reveals a luxurious en-suite bath with quartz top double vanity, crittall style walk-in shower and an ample walk-in closet. The secondary bedrooms feature large picture windows and share a beautiful modern bath. The spacious backyard is the ultimate spot for hosting weekend BBQ's or enjoying your morning coffee.
Residents of Salem Walk can maintain an active lifestyle thanks to nearby Garrison Park which offers variety of outdoor activities including walking/jogging trails, a refreshing wading pool, tennis & basketball courts and a baseball field. Golf enthusiasts will love the nearby Roy Kizer Golf Course. HEB and Sprouts Farmers Market are conveniently around the corner in addition to a variety of restaurants, entertainment and shopping. ** NO HOA**
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 1, 2025 | No longer available | - | |
| No longer available | |||
| Apr 6, 2025 | Relisted | $475,000 | |
| Relisted | |||
| Feb 23, 2025 | In contract | - | |
| In contract | |||
| Nov 20, 2024 | Price Decreased |
$499,000
↓ $31K
(5.8%) | |
| Price Decreased | |||
| Nov 12, 2024 | Price Decreased |
$529,900
↓ $30K
(5.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017