7731 Avenue I
About This Property
In the heart of I-45, Downtown, Minute Maid Park & all the access to Houston!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 23, 2025 | Sold | ||
| Sold | |||
| Jan 14, 2025 | In contract | - | |
| In contract | |||
| Oct 3, 2024 | Listed by Morningside Realty | $65,000 | |
| Listed by Morningside Realty | |||
| | |||
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Now is your chance to build in Houston's beloved Magnolia Park! Downtown living! Great homesite, 2,500 sqft vacant lot, ready to build your dream home or your next investment property! All city utilities are available. Water Fees with the City of Houston have already been paid. Topographic survey & lot survey available. There are potential building plans available as well. Lot dimensions are 25ft x 100ft. New construction is all around. Close to I-45, 610, Downtown, Minute Maid Park & everything our great city has to offer!
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| Oct 2, 2024 | No longer available | - | |
| No longer available | |||
| Aug 22, 2024 | Price Decreased |
$62,500
↓ $6K
(8.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017