6938 Red Oak Drive
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 |
|---|---|---|---|
| May 31, 2022 | Sold | ||
| Sold | |||
| Apr 30, 2022 | Listed by CB&A, Realtors-Katy | $649,990 | |
| Listed by CB&A, Realtors-Katy | |||
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Welcome home to 6938 Red Oak Drive! This home sits on a 9,710 sq/ft lot with no back neighbors, a relaxing pool with spa, and offers a spacious 2,950 sq/ft of living space with 4 bedrooms, 3 and a half bathrooms, sits on a quiet street cul-de-sac street with beautiful landscaping, brick and stone exterior, and all zoned to KATY ISD! You'll love all the incredible features this home has to offer, including a gorgeous primary bathroom with huge walk-in shower, spacious living room with cozy fireplace, wood cabinets, Granite countertops throughout, fully fenced backyard, covered back patio with outdoor patio speakers, Paperback Park right outside the backyard, and so much more! Upgrades include 5.1 Dolby surround sound in the family room, electrical equipped for home theater set up, GE appliance package, plus more. See the attached upgrades list! Cane Island is minutes from IH-10 and Grand Parkway 99 - in an excellent location! Schedule your private showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017