7270 Sims Drive
About This Property
HIGHEST and BEST due by JANUARY 17, 2023 @ 1:00p.m.
One owner well loved home. Home needs TLC but great bones and layout. Home sits on a beautiful large lot just over a 1/2 acre , located amongst many large well developed trees. The home also features a sunken living room. The backyard features a storage shed and chicken coop. This neighborhood even features very own radio station.
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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 |
|---|---|---|---|
| Feb 14, 2024 | No longer available | - | |
| No longer available | |||
| Jan 22, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Sep 11, 2023 | Listed by Apex Brokerage, LLC | $429,000 | |
| Listed by Apex Brokerage, LLC | |||
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Welcome to Garden Villas, a hidden gem near Hobby Airport! 7270 Sims is a charming ranch-style home sitting on just over half an acre of land. This home has been completely redone with updated electrical, plumbing, HVAC system, and a new roof. With 4 bedrooms, 2 bathrooms, and original hardwood floors, this home offers a comfortable and stylish living space. The large backyard is perfect for those who enjoy outdoor activities. Located amongst mature trees, this home offers a peaceful and serene atmosphere. Don't miss out on the opportunity to own this well-loved home in a unique neighborhood with its very own radio station. Make an offer today!
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| Feb 3, 2023 | Sold | ||
| Sold | |||
| Jan 4, 2023 | Listed by Connect Realty | $199,000 | |
| Listed by Connect Realty | |||
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About Southeast Houston
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Last Updated: 4 months ago
Data Source: HAR , MLS# 81203601
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017