7811 Creekmere LN
About This Property
Step outside to a spacious backyard with a large patio slab, perfect for entertaining. The established vegetable garden and fruit-bearing fig, Asian pear, and loquat trees make this home a gardener's paradise. Located in a walkable neighborhood, you're just steps from The Thicket Food Truck Park, and a short stroll to popular spots like The Far Out Lounge, Aviator Pizza, Last Stand Brewing, Ramen Tatsuya, and Torchy's Tacos. Moments away from the new HEB and everything Southpark Meadows has to offer.
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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 |
|---|---|---|---|
| Oct 30, 2024 | In contract | - | |
| In contract | |||
| Sep 19, 2024 | Listed by Compass RE Texas, LLC | $385,000 | |
| Listed by Compass RE Texas, LLC | |||
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About Beacon Ridge
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Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2024-11-21 09:17:51
Data Source: Unlock MLS, MLS# ACT9236099
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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