7607 Cypress 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 |
|---|---|---|---|
| Jun 17, 2024 | Sold | ||
| Sold | |||
| May 7, 2024 | In contract | - | |
| In contract | |||
| Apr 21, 2024 | Price Decreased |
$389,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Apr 2, 2024 | Price Increased |
$399,000
↑ $10K
(2.6%) | |
| Price Increased | |||
| Mar 17, 2024 | Listed by Evolve Real Estate | $389,000 | |
| Listed by Evolve Real Estate | |||
| | |||
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5 bedroom home nestled into quiet Humble neighborhood with close access to freeways, IAH airport and local amenities. Enjoy and relax in over 2000sqft interior featuring first level primary, dining room, family room with fireplace & elevated ceilings. Kitchen features: stainless steel appliances with double ovens, granite countertops, and built-in desk area with shelving. Also, don’t forget the mother in law suite extension with its own kitchen and bathroom over the garage. Host family and get togethers in the expansive backyard with private pool.
Lot next door separate listing MLS#3628643, can be sold with property or separately. Refrigerators, washer & dryer, & all furniture is negotiable. TV & mount in mother in law suite do not convey with property.
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About Humble
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017