5511 Granite Meadow Drive
About This Property
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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 |
|---|---|---|---|
| Aug 26, 2021 | Sold | ||
| Sold | |||
| Jul 16, 2021 | Listed by RE/MAX Grand | $350,000 | |
| Listed by RE/MAX Grand | |||
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Come and make your this beautiful house in Seven Meadow in Katy. Great open concept house feautures 3-bedrooms, 2.5 baths, study and gameroom. High ceilings, laminate wood floor in living, dining rooms and game room. Tile flooring in enty, kitchen and wet areas. Study with French doors ideal to work from home. Living with gaslog fireplace and lost of windows allowing the light to come in. Gourmet kitchen fully equipped with granite countertops, a tile backsplash, lots of cabinets and breakfast bar. Refrigerator stays. Good size master bedroom with walking closet, master bath with dual vanities, jetted tub, and separate shower. Two secondary bedrooms sharing a bath with double sink and tub with shower. Laundry room with sink, washer and dryer stay. Relaxing covered patio and back yard with sprinklers. Community comforts include two pools, tennis courts, a fitness center, and parks. Zoned to highly rated Katy School District. Great location, close to shopping, restaurants & main roads
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017