551 Carriage Trail
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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 |
|---|---|---|---|
| Jul 8, 2022 | Sold | ||
| Sold | |||
| Jun 24, 2022 | Listed by RE/MAX Compass | $315,000 | |
| Listed by RE/MAX Compass | |||
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Gorgeous in quiet and highly desired Saddle & Surrey Acres just minutes from Lake Conroe. This beauty sits on a sprawling wooded lot and features an inviting open design, recently renovated with luxury vinyl flooring and tile throughout, light and bright kitchen with granite counter tops and mosaic tile backsplash, undermount sink, drop lighting, stainless appliances, updated fixtures, ceiling fans, large breakfast room with modern ceiling light/fan, elegant dining, nice size guest room and a full guest bath. Primary suite is large and features barn door bathroom entry into a totally updated primary bath with custom shower and oval tub with new bath fixtures and mosaic tile surround, glass block window and a walk in closet. Huge covered patio w/ceiling fan to sit and enjoy the serene surroundings. Aerobic System, Low Tax Rate Make this one a top priority!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017