618 Fair Oak Drive
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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 |
|---|---|---|---|
| Oct 6, 2023 | Sold | ||
| Sold | |||
| Jul 12, 2023 | Listed by Connect Realty | $260,000 | |
| Listed by Connect Realty | |||
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This 3-bedroom 2- bath home is located within 30 minutes to downtown Houston and only 11 minutes to the popular and growing Sugar Land. Upgrades include: New Roof, AC only 4 years old, completely remodeled in 2015, dining room added on to the house, ring doorbell and cameras. Very low tax rate and HOA fee. Would make a fantastic start up home ready for a new family! Well-loved and maintained by current family that takes pride in keeping the home clean and presentable. Green space in the back so no rear neighbors. No flooding. Come see for yourself today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017