5906 Werner Street
About This Property
Opportunity knocks with this diamond in the rough located at 5906 Werner St in the vibrant city of Houston, Texas. This property presents an exciting prospect for investors seeking a cash-flowing investment with untapped potential. Situated in a prime location, this home offers even more possibilities with a detached full one-bedroom garage apartment. This additional living space adds value and opens up even more opportunities for rental income or creative usage.
Ready to be transformed into a lucrative asset with the right vision and investment, this property provides endless potential for those looking to renovate and rent or renovate and sell. Don't miss out on this incredible chance to maximize returns. Reach out today to schedule a showing and seize this investor's dream!
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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 |
|---|---|---|---|
| Nov 11, 2024 | Sold | ||
| Sold | |||
| Sep 16, 2024 | In contract | - | |
| In contract | |||
| Aug 11, 2024 | Price Decreased |
$234,900
↓ $55K
(19%) | |
| Price Decreased | |||
| Feb 22, 2024 | Price Decreased |
$289,900
↓ $25K
(8%) | |
| Price Decreased | |||
| Jan 20, 2024 | Price Increased |
$315,000
↑ $80K
(34.1%) | |
| Price Increased | |||
Property Highlights
Building Info
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Price/ft²
Listed On
Sold On
About North Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017