587 County Road 949e
About This Property
This home has never flooded and offers a picturesque outdoor space with a mature oak tree, seven new pines, and a thriving fruit garden with pecan, apple, pear, and fig trees, along with elderberry and blackberry bushes. A potting shed with water and electricity is ideal for gardening enthusiasts. Zoned to Alvin ISD and conveniently located near shopping and dining, this property offers the perfect blend of tranquility and convenience.
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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 |
|---|---|---|---|
| Feb 18, 2025 | Sold | ||
| Sold | |||
| Jan 18, 2025 | In contract | - | |
| In contract | |||
| Jan 6, 2025 | Listed by eXp Realty, LLC | $329,000 | |
| Listed by eXp Realty, LLC | |||
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Welcome to your peaceful retreat in Alvin, TX, where modern updates meet rural charm on 1.25 acres. THIS PROPERTY FEATURES A 3-BEDROOM, 2-BATH MAIN HOUSE AND A SEPARATE 1-BEDROOM, 1-BATH COTTAGE, PERFECT FOR GUESTS, FAMILY, OR RENTAL OPPORTUNITIES. The main house boasts a spacious living room with a cozy fireplace, a modern kitchen with granite countertops, and a private primary suite. Recent updates include a brand new 30-year roof, energy-efficient windows, attic insulation, and a concrete driveway, all completed in 2024.
This home has never flooded and offers a picturesque outdoor space with a mature oak tree, seven new pines, and a thriving fruit garden with pecan, apple, pear, and fig trees, along with elderberry and blackberry bushes. A potting shed with water and electricity is ideal for gardening enthusiasts. Zoned to Alvin ISD and conveniently located near shopping and dining, this property offers the perfect blend of tranquility and convenience.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017