6942 Texas Trace
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 11, 2021 | Sold | ||
| Sold | |||
| Sep 16, 2021 | Listed by RE/MAX Universal | $999,000 | |
| Listed by RE/MAX Universal | |||
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Look no further! Call your agent now; this home is the envy of Magnolia! Custom Built Southern Estate on 3 acres in High Meadow Estates. Cantera Iron Doors, Crystal Chandeliers, 12’ ceilings, Solid Oak floors, 4 AC zones; Primary bed & 1st floor guest: each zoned. Island Kitchen: custom-built multi-level cabinets w/decorative Corbels &extensive millwork, Two colors of hand-picked custom-cut granite w/beautiful striations for counters &Island, Walk-in Butler’s Pantry, Stainless Built-in Frig &Freezer, Elevated DW, 5 burner gas cooktop. Den w/cathedral ceiling &exposed beams/floor-to-ceiling wall of windows, Rotunda Breakfast room has Groined Barrel Brick ceiling. Dining room w/custom painted Barrel ceiling. Primary Suite: double vaulted ceilings w/recessed lighting, spacious bath, Aquatic Carrington Freestanding Air/Soaking Tub, separate walk-in shower, separate vanity areas, huge closet w/built-ins &pull-down clothing racks. 3car Tandem oversized garage. Telecom closet/Panic room.
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017