$350,000 Last Listed Price
●
House -
Off Market
5618 Iris Lane
Katy, TX 77493
3 Beds
2 Baths
1,972 Ft²
$2,215
Est. Monthly
About This Property
Welcome home to 5618 Iris Lane in the Katy Terrace community.
This 3 bedroom, 2 bath, well maintained one story ranch style
home is located on an oversized lot with beautiful huge oak trees,
has gorgeous easy care, tile flooring, in a great location, close
to Mary Jo Peckham Park and the Train Park in Old Katy. This home
has the cozy, comfortable, airy feel that must be seen and felt.
The large family room creates a welcoming space for your family and
guests. The updated kitchen is open and inspiring with stainless
steel appliances, beautiful granite countertops, and tons of
cabinet storage! The generously sized primary bedroom offers a walk
in closet and a private bathroom with huge walk-in shower.
The other 2 bedrooms are equally spacious and comfortable. Fully
fenced back yard, with extended patio offers privacy with lots of
space for those weekend gatherings! No HOA. Even space to park your
toys! You are going to love this home. Call today to schedule your
own private tour.
Unit Size
1,972 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$177
Property Type
House
Property Taxes
$496
HOA Dues
-
Year Built
1966
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (HAR #5699750)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 26, 2024 | Sold | ||
| Sold | |||
| Jul 26, 2024 | In contract | - | |
| In contract | |||
| Jul 19, 2024 | Listed by Compass RE Texas, LLC - Katy | $350,000 | |
| Listed by Compass RE Texas, LLC - Katy | |||
| | |||
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Welcome home to 5618 Iris Lane in the Katy Terrace community. This 3 bedroom, 2 bath, well maintained one story ranch style home is located on an oversized lot with beautiful huge oak trees, has gorgeous easy care, tile flooring, in a great location, close to Mary Jo Peckham Park and the Train Park in Old Katy. This home has the cozy, comfortable, airy feel that must be seen and felt. The large family room creates a welcoming space for your family and guests. The updated kitchen is open and inspiring with stainless steel appliances, beautiful granite countertops, and tons of cabinet storage! The generously sized primary bedroom offers a walk in closet and a private bathroom with huge walk-in shower. The other 2 bedrooms are equally spacious and comfortable. Fully fenced back yard, with extended patio offers privacy with lots of space for those weekend gatherings! No HOA. Even space to park your toys! You are going to love this home. Call today to schedule your own private tour.
| |||
Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About North Katy Terrace
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Listed by: Jamie McMartin, Compass RE Texas, LLC - Katy
Last Updated: 4 months ago
Data Source: HAR , MLS# 5699750
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Last Updated: 4 months ago
Data Source: HAR , MLS# 5699750
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