6515 Cindy Lane
About This Property
Plumbing updates include PVC lines in the attic that have been redone, offering peace of mind for future maintenance. With a bit of TLC, this property can be transformed into a gem in the desirable Timbergrove area.
Whether you're an experienced investor or looking to take on your first project, this home is a prime candidate. Don't miss out on this excellent opportunity!
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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 |
|---|---|---|---|
| Jan 8, 2026 | Listed by RE/MAX Signature | $1,277,000 | |
| Listed by RE/MAX Signature | |||
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Welcome to your dream home in the heart of Timbergrove Manor. This beautiful 4-bedroom, 3.5-bath residence offers high-end finishes and thoughtful upgrades throughout. Step inside to find a bright, open-concept layout featuring engineered wood flooring, custom cabinetry, and natural stone countertops that bring elegance to the kitchen and bathrooms alike. The chef’s kitchen is equipped with new, high-end appliances and ample storage. Major upgrades provide peace of mind for years to come, including new electrical and mechanical systems, HVAC installation with new vents and ducts, PEX plumbing and PVC under-slab lines, new roof, insulation, and energy-efficient windows. The spacious primary suite boasts a luxurious en-suite bath and walk-in closet, while the secondary bedrooms offer flexibility for guests, family, or a home office. This home combines contemporary living with the character and convenience of Timbergrove Manor, just minutes from parks, dining, and downtown.
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| Aug 12, 2024 | Sold | ||
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| Jul 26, 2024 | In contract | - | |
| In contract | |||
| Jul 20, 2024 | Listed by Berkshire Hathaway HomeServices Premier Properties | $449,000 | |
| Listed by Berkshire Hathaway HomeServices Premier Properties | |||
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Investor Special in Timbergrove! This property is a fantastic opportunity for those looking to add value and capitalize on the potential. The home needs a new roof but boasts several updates that set a solid foundation for renovation. The AC unit is just 5 years old, ensuring cool comfort during Houston's hot summers. The furnace is 10-12 years old, and the hot water heater is 7 years old, providing reliable service.
Plumbing updates include PVC lines in the attic that have been redone, offering peace of mind for future maintenance. With a bit of TLC, this property can be transformed into a gem in the desirable Timbergrove area.
Whether you're an experienced investor or looking to take on your first project, this home is a prime candidate. Don’t miss out on this excellent opportunity!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017