6462 Community 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%.
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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 9, 2020 | Sold | ||
| Sold | |||
| Nov 12, 2020 | Listed by Keller Williams Realty -SW | $420,000 | |
| Listed by Keller Williams Realty -SW | |||
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Fabulous opportunity for new construction in coveted West University Place! This 50' x 100' lot with existing structure is right off the intersection of Community and Villanova and is three blocks from beautiful Colonial Park and also very near West U Rec Center. Enjoy the many amenities of West University Place living! Also convenient to Rice University and Texas Medical Center. Structure on property sold AS IS and will not be shown. Per Seller, structure is uninhabitable and will need to be torn down. Additionally per Seller, there is a 30' deep (50' wide) pipeline easement behind lot that many home owners with similar lots have fenced in as private.
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About Southwest Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017