5527 Flamingo 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%.
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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 |
|---|---|---|---|
| May 6, 2022 | Sold | ||
| Sold | |||
| Feb 10, 2021 | Listed by Legacy Homes & Properties, LLC | $185,000 | |
| Listed by Legacy Homes & Properties, LLC | |||
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This one story bungalow will have all the curb appeal and an entrance to match. The open floor plan is terrific for entertaining! High ceilings, a large island kitchen and terrific flow from the living space to the dining room is ideal for an active lifestyle. You will fall in love with the genuine wood floors. The four bedrooms are ideally situated just down the hall from the master. Home set to be completed March 1st. Come take a tour of this home sitting on a double wide lot.
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About Southeast Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017