72 Meadow Lea 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%.
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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 |
|---|---|---|---|
| Aug 25, 2023 | Sold | ||
| Sold | |||
| Aug 1, 2023 | Listed by Century 21 Realty Partners | $280,000 | |
| Listed by Century 21 Realty Partners | |||
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This modern/contemporary home just outside of the 610 Loop sits on a large 8000+ sqft lot. It features 3 bedrooms, 1.5 baths, and an open concept layout on the first floor. It has plenty of room in the backyard for a future garage and/or garage apartment to be added which has already been approved by the city. This is a perfect starter home for anyone who wants to be close to the city. Avenue Meadows is just minutes from the Northline Transit Center/HCC Light Rail Station, shopping at the Northline Commons, The Houston Farmers Market and easy access to Gulf Freeway. Unbeatable location, superior quality, and exceptional value. Avenue Meadows is designed by studioMET, an award-winning design-build firm. It is the AIA Houston 2016 Firm of the Year and has been featured on the AIA Houston Home Tours since 2007. Avenue Meadows is leading the way with multiple modern, stylish, affordable, quality, green homes.
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| Feb 28, 2019 | Sold | ||
| Sold | |||
| Apr 17, 2018 | Listed by ELSA Realty | $189,900 | |
| Listed by ELSA Realty | |||
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This new construction home just outside of the 610 Loop sits on a large 5,000+ sqft lot. It features 3 bedrooms, 1.5 baths, and an open concept layout on the first floor. It has plenty of room in the backyard for a future garage and/or garage apartment to be added. This is a perfect starter home for anyone who wants to be close to the city. Avenue Meadows is just minutes from the Northline Transit Center/HCC Light Rail Station, shopping at the Northline Commons, and easy access to Gulf Freeway. Unbeatable location, superior quality, and exceptional value. Avenue Meadows is designed by studioMET, an award-winning design-build firm. It is the AIA Houston 2016 Firm of the Year and has been featured on the AIA Houston Home Tours since 2007. Avenue Meadows is leading the way with 10 modern, stylish, affordable, quality, green homes. The vision for Northline is to build a strong, safe supportive and connected community.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017