7213 Gleason Road
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 |
|---|---|---|---|
| Dec 29, 2023 | Sold | ||
| Sold | |||
| Sep 27, 2023 | Listed by eXp Realty LLC | $250,000 | |
| Listed by eXp Realty LLC | |||
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*The seller may buy down the buyer's interest rate depending on the terms of the offer* 7213 Gleason Road is a single-story ranch home in Scenic Woods, overlooking Gleason Park. This mid-century modern-style property offers an open kitchen and dining area filled with natural light, featuring stainless steel appliances, quartz countertops, and quiet-close cabinets. Four bedrooms, including an en-suite primary bathroom, and a separate laundry room provide comfort. Upgrades include upgraded attic insulation, instant tankless water heater, designer vanities, vinyl plank flooring, and modern ceiling fans. Exterior wall insulation has been upgraded and a newer A/C condenser means your Houston Summer will be a little easier.
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| Jul 14, 2023 | Sold | ||
| Sold | |||
| Jun 2, 2023 | Listed by WFI Mangement, LLC Riviera Realty Group | $164,900 | |
| Listed by WFI Mangement, LLC Riviera Realty Group | |||
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AS-IS, Where-IS Investor special!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017