6502 Mert Lane
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 8, 2023 | Sold | ||
| Sold | |||
| Jun 9, 2023 | Listed by NetWorth Realty Houston North | $365,000 | |
| Listed by NetWorth Realty Houston North | |||
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Elegance meets comfort! This exquisite one story home is located in the prestigious community of Bartlett. This house has it all; high ceilings, beautiful tile, new light fixtures, and granite countertops throughout the house. All of the bedrooms have spacious closets. The primary bathroom features an oversized shower, 2 sinks, and a large closet! The backyard is perfect for family gatherings and enjoying being outside. This house is located next to shopping, restaurants, and so much more.
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| Feb 1, 2023 | Sold | ||
| Sold | |||
| Jan 13, 2023 | Listed by RE/MAX Cinco Ranch | $250,000 | |
| Listed by RE/MAX Cinco Ranch | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017