5506 Verdome Lane
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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%.
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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 |
|---|---|---|---|
| Jul 31, 2023 | Sold | ||
| Sold | |||
| Jun 20, 2023 | Listed by Martha Turner Sotheby's International Realty | $265,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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Great opportunity for the visionary buyer or investor in sought after Forest Pines This brick one story three bedroom home is ideally located on a quiet cul-de-sac street. Easy access to 290, 610, and I-10 and convenient to Downtown and The Galleria. Never flooded. This is an estate sale being sold “as is” with no repairs. No Seller’s Disclosure. Attractive price point and great value for renovation in this popular neighborhood.
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About North Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017