$170,000 Last Listed Price
●
House -
Off Market
615 Derbyshire Drive
Houston, TX 77034
4 Beds
2 Baths
1,771 Ft²
$1,313
Est. Monthly
About This Property
INVESTOR ONLY AS IS. This 4 bed 2 bath home needs some serious
love. Owner states that a new roof was installed in 2017, the whole
house was re-piped with PEX, and a new HVAC system was installed in
2021. Primary bedroom is down and the other 3 bedrooms are up.
There is one bathroom up. The downstairs bathroom has a vanity area
in the primary bedroom and other vanity area accessible from the
hall, which the appraisal district has counted as a bathroom and a
half bathroom, but there is only one toilet, so I have listed it
only as one bathroom. The tub and part of the wall in this bathroom
has been removed. No idea if any of the appliances still work.
House has been vacant since May 2022 but the water and electricity
have been left on.
Unit Size
1,771 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$96
Property Type
House
Property Taxes
$478
HOA Dues
-
Year Built
1980
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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 #58458738)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 5, 2024 | Sold | ||
| Sold | |||
| Feb 7, 2024 | In contract | - | |
| In contract | |||
| Feb 2, 2024 | Listed by Kodu Realty, LLC | $250,000 | |
| Listed by Kodu Realty, LLC | |||
| | |||
|
Explore the charm of this 4-bed, 2-bath home in a prime location! This gem showcases a new roof (2017), PEX piping & 2021 HVAC system. The primary bedroom, conveniently on the main floor, features a beautifully remodeled bathroom. Upstairs you will find 3 additional bedrooms. The downstairs bathroom includes a vanity area accessible from the hall. Kitchen is open to living and includes refrigerator. The living room stands out with a fireplace and a high 2-story ceiling, creating a spacious and inviting atmosphere. Step into the backyard to find a freshly remodeled storage house with a new roof and a window AC unit. The entire home is move-in ready with new water heater, fresh paint on walls, ceilings, trim, and doors. Formal dining seamlessly connects to the kitchen, making entertaining a breeze. Enjoy the convenience of being just a short 1-minute walk from restaurants, shopping, and gas/corner stores. High and dry! LOW taxes!
| |||
| Dec 6, 2023 | Sold | ||
| Sold | |||
| Nov 7, 2023 | Listed by Delta Vee Realty | $170,000 | |
| Listed by Delta Vee Realty | |||
| | |||
|
INVESTOR ONLY AS IS. This 4 bed 2 bath home needs some serious love. Owner states that a new roof was installed in 2017, the whole house was re-piped with PEX, and a new HVAC system was installed in 2021. Primary bedroom is down and the other 3 bedrooms are up. There is one bathroom up. The downstairs bathroom has a vanity area in the primary bedroom and other vanity area accessible from the hall, which the appraisal district has counted as a bathroom and a half bathroom, but there is only one toilet, so I have listed it only as one bathroom. The tub and part of the wall in this bathroom has been removed. No idea if any of the appliances still work. House has been vacant since May 2022 but the water and electricity have been left on.
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Southbelt - Ellington
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Listed by: Sara Blumenfeld, Delta Vee Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 58458738
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Last Updated: 4 months ago
Data Source: HAR , MLS# 58458738
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