6426 Tea Tree Drive
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 |
|---|---|---|---|
| Sep 28, 2023 | Sold | ||
| Sold | |||
| Jul 26, 2023 | Listed by FYI Realty-Katy | $445,000 | |
| Listed by FYI Realty-Katy | |||
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Welcome home to this custom 2-story 5 bed, 4.5 bathroom home in the established community of Westheimer Lakes North! This gem is situated on a great CORNER lot & has an expansive backyard with a covered patio with ceiling fans and a well-manicured lawn complete with underground sprinklers. Your elegant formal dining room greets you as you enter. The gourmet kitchen features granite counters with a complementing upgraded backsplash, stainless steel appliances, a gas range, a custom island, a breakfast bar, and an upgraded pantry with outlets and a countertop for your kitchen appliances. The elegant primary bedroom offers an ensuite bath with dual sinks, a soaking tub, & custom walk-in shower. You also have a bonus room downstairs complete with an ensuite bathroom! Upstairs you will find three additional rooms, 2 full bathrooms, a spacious game room, & a media room! The community offers a Splashpad, pool, on-site gym, parks & more! Zoned to KISD!
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About Westheimer Lakes North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017