653 Red Elm 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 |
|---|---|---|---|
| Oct 28, 2022 | Sold | ||
| Sold | |||
| Apr 14, 2022 | Listed by Linda Marshall, Realtors Inc. | $352,550 | |
| Listed by Linda Marshall, Realtors Inc. | |||
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WEDGEWOOD FOREST-NEW CONSTRUCTION COMPLETING SEPTEMBER, OAK FOREST ELEVATION A FLOORPLAN-THREE SPACIOUS BEDROOMS + STUDY ALL ON SINGLE FLOOR-FANTASTIC KITCHEN- 3 SIDE BRICK EXTERIOR-VERY FUNCTIONAL FLOORPLAN, HOME OFFICE, ATTRACTIVE FRONT ELEVATION WITH ATTRACTIVE FRONT ENTRY AS WELL AS A COVERED BACK PATIO, BIG LOT. THE MASTER HAS A LUXURIOUS MASTER BATH WITH FREESTANDING TUB AND SEPARATE SEMI FRAMELESS SHOWER, DBL VANITY AREA AND GREAT STORAGE, BIG WALK IN MASTER CLOSET. KITCHEN WITH ITS ATTRACTIVE CABINETS AND GRANITE COUNTER LOOKS TO THE FAMILY ROOM. SECONDARY BEDROOMS SHARE A SPACIOUS BATH AND BOTH HAVE GREAT CLOSET SPACE. COME AND VISIT BUILDER SALES OFFICE AT 302 PITCHE PINE COURT, CONROE 77304 OPEN HOUSE 10-6 (M-TUES,& FRI), 12-6 (S&S)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017