$238,605 Last Listed Price
●
House -
Off Market
5803 Iris Lane
Katy, TX 77493
3 Beds
2 Baths
1,130 Ft²
$1,570
Est. Monthly
About This Property
You don't want to miss visiting this Home on your search.
Location, location, location, fantastic neighborhood, 10 Mins
to I-10, 10 Mins to Hwy 99, 2 Mins. to Mary Jo Peckham Park
(Numerous Outdoor Activities, Rainbow Trout Fishing, Indoor Fitness
Center). This recently updated 3 Bdrm, 2 Bth., 1130 Sq. Ft. home on
a Huge Oversized Lot of 16,800 Sq. Ft. in Old Katy is a perfect gem
of a starter home for a family looking for a large outdoor area for
activities, gardening, and all other imaginable family outdoor
activities. The beautiful large mature Oak Trees provide
significant shade over the home and exterior of the home throughout
the property. The home comes with a Double Gate on one side
for RV or Boat parking. Simple living in Katy, make this
House your Dream Home today. The home you look at today, someone
else looked at yesterday and is placing an offer on it. Don't let
this happen to you with this home that is priced to sell quickly.
Unit Size
1,130 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$211
Property Type
House
Property Taxes
$398
HOA Dues
-
Year Built
1964
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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 #97102931)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 25, 2024 | Sold | ||
| Sold | |||
| Jun 29, 2024 | Listed by JLA Realty | $238,605 | |
| Listed by JLA Realty | |||
| | |||
|
You don't want to miss visiting this Home on your search. Location, location, location, fantastic neighborhood, 10 Mins to I-10, 10 Mins to Hwy 99, 2 Mins. to Mary Jo Peckham Park (Numerous Outdoor Activities, Rainbow Trout Fishing, Indoor Fitness Center). This recently updated 3 Bdrm, 2 Bth., 1130 Sq. Ft. home on a Huge Oversized Lot of 16,800 Sq. Ft. in Old Katy is a perfect gem of a starter home for a family looking for a large outdoor area for activities, gardening, and all other imaginable family outdoor activities. The beautiful large mature Oak Trees provide significant shade over the home and exterior of the home throughout the property. The home comes with a Double Gate on one side for RV or Boat parking. Simple living in Katy, make this House your Dream Home today. The home you look at today, someone else looked at yesterday and is placing an offer on it. Don't let this happen to you with this home that is priced to sell quickly.
| |||
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About North Katy Terrace
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Listed by: Michael Bowles, JLA Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 97102931
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Last Updated: 4 months ago
Data Source: HAR , MLS# 97102931
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