6511 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 |
|---|---|---|---|
| Oct 3, 2025 | Sold | ||
| Sold | |||
| Aug 19, 2025 | In contract | - | |
| In contract | |||
| Jul 15, 2025 | Price Decreased |
$285,000
↓ $15K
(5%) | |
| Price Decreased | |||
| Jun 30, 2025 | Listed by UTR TEXAS, REALTORS | $299,999 | |
| Listed by UTR TEXAS, REALTORS | |||
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Highly Desirable Village Grove home, zoned for DPISD. This open concept space is floored with wood-like tile & complimented by a brick fireplace. Kitchen updates from 2024 include stainless single basin sink & appliances. Other updates include: Primary Bath Walk-In Tub with heat lamp 2022, Secondary Bathroom Shower 2022, Low-E Storm Windows 2023, Tankless Water Heater 2023, Generac brand Generator with dedicated gas meter 2021, Roof, Gutters & Blown Insulation 2022, and Screened Covered Patio 2022. HVAC is only 5.5 years old! Backyard features include storage shed, vegetable garden, French drains, fig & a loquat trees. Perfect home for a mobility challenged person. Seller made every effort to make this a storm-sturdy home. Bring your personal touches and make it your own. Perfect location for commuters, with an HEB minutes away, and Fairmont Parkway shops and dining. Community events, walking trails and parks round out offerings of this opportunity for home ownership in Village Grove!
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| Jun 8, 2025 | Price Decreased |
$317,000
↓ $8K
(2.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017