5703 Cerritos Drive
About This Property
Two master suites, 3 full baths, living room, formal dining plus an office/study, beautiful island kitchen, custom cabinets, granite countertops. Home was redone from the studs, even the plumbing, electrical, roof has been redone! Lot's of natural light and a very open concept. The home sits on a oversized corner lot, it has an awesome covered patio, perfect for an outdoor kitchen and the yard is big enough for a pool!
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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 |
|---|---|---|---|
| Dec 20, 2024 | Sold | ||
| Sold | |||
| Dec 7, 2024 | In contract | - | |
| In contract | |||
| Oct 8, 2024 | Listed by Homelister, Inc | $385,000 | |
| Listed by Homelister, Inc | |||
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Recently remodeled in 2020, this ranch-style home in the Westbury/Meyerland market area is located on a large corner lot. Featuring mature pine, oak and pecan trees, this home provides a quiet retreat, yet is just minutes away from Loop 610, Ft. Bend Tollway, Highway 90, the hospital district and numerous event venues. Exterior features include a landscaped front garden, with partial hardscape in the backyard and a covered pathway connecting the patio to the oversized detached garage. Soffit lighting, with automatic timer, can be found throughout the home's exterior, adding a sense of security and ambiance. With four bedrooms (two rooms featuring ensuite bathrooms), a study and large kitchen island, this home provides incredible versatility for the home buyer wanting a "turn key" move-in. Additionally, the home includes dishwasher, refrigerator, disposal w/ air switch, washer and dryer, and custom wood shutters. This home has it all: location, curb appeal and value!
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| Oct 25, 2021 | Sold | ||
| Sold | |||
| Aug 5, 2021 | Listed by REALM Real Estate Professional | $329,500 | |
| Listed by REALM Real Estate Professional | |||
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Unique Westbury 4 bedroom Home, Completely remodeled and beautiful!
Two master suites, 3 full baths, living room, formal dining plus an office/study, beautiful island kitchen, custom cabinets, granite countertops. Home was redone from the studs, even the plumbing, electrical, roof has been redone! Lot's of natural light and a very open concept. The home sits on a oversized corner lot, it has an awesome covered patio, perfect for an outdoor kitchen and the yard is big enough for a pool!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017