6416 Sewanee Avenue
About This Property
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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 |
|---|---|---|---|
| Dec 23, 2024 | Sold | ||
| Sold | |||
| Dec 3, 2024 | In contract | - | |
| In contract | |||
| Nov 18, 2024 | Listed by Compass RE Texas, LLC - Houston | $1,650,000 | |
| Listed by Compass RE Texas, LLC - Houston | |||
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Located in the highly coveted West U area, this architecturally distinct home by award-winning local architect Tom Wilson blends character with modern living. Enter into a flowing first floor where the kitchen, dining, and sunken living room connect seamlessly, creating an inviting space perfect for gatherings. The living room boasts soaring ceilings and abundant natural light, showcasing the home’s unique design. Upstairs, you’ll find two bedrooms, along with a third room ideal for a home office, complete with built-in shelving. A central loft area is perfect for a game room with access to a screened patio for outdoor relaxation. Outside, the backyard offers a private retreat with lush landscaping and a lap pool, while the front yard boasts a community garden, enjoyed by neighbors who pick fresh veggies on their walks. This home truly captures the essence of West University living, offering elegance, functionality, and a sense of community in one of Houston’s most desirable areas.
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| Dec 21, 2020 | Sold | ||
| Sold | |||
| Oct 8, 2020 | Listed by Greenwood King Properties | $1,350,000 | |
| Listed by Greenwood King Properties | |||
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Stunning contemporary home designed by renowned architect Tom Wilson as his personal residence in 1976. Located on a beautiful tree lined street in West University, this home has an amazing location and sits on a 7,500 SQ FT lot (per HCAD). It features an open floor plan with tons of windows overlooking the beautiful landscaping and gardens, high ceilings, recently installed elevator and stunning upstairs primary bedroom retreat. The backyard has a panoramic deck overlooking the sparkling lap pool and screened porch. All info per seller.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017