6503 Fairbourne 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 |
|---|---|---|---|
| Nov 18, 2022 | Sold | ||
| Sold | |||
| Sep 27, 2022 | Listed by Weichert,REALTORS-Murray Group | $249,000 | |
| Listed by Weichert,REALTORS-Murray Group | |||
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Gorgeous home in quiet Village Grove. Granite counters w/tile backsplash, abundant cabinet and counter space adorn the kitchen. Enjoy culinary delights on your gas range (stays with the home). Large primary bedroom with ensuite bath. Spacious family room with a cozy fireplace. Tile and laminate flooring, no carpet! Expansive gated and fenced back yard. Minutes from the Beltway, NASA and very reasonable commutes to major destinations in Houston. Shopping centers, big box and grocery stores all within close proximity. Zoned to sought after Deer Park schools. Did not flood during Harvey.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017