7907 Royal Palm 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%.
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 |
|---|---|---|---|
| Mar 1, 2024 | Sold | ||
| Sold | |||
| Jan 31, 2024 | In contract | - | |
| In contract | |||
| Jan 2, 2024 | Listed by eXp Realty LLC | $330,550 | |
| Listed by eXp Realty LLC | |||
| | |||
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Welcome Home! Located in the community of Polo Ranch and zoned to Lamar Consolidated ISD. 3 Bedrooms, 2 Full Baths with Study. A beautiful, well taken care of home. Custom Paint Throughout. Large Island Kitchen with Breakfast Bar and Stainless Steel Sink. Hardwood Floors. Tray Ceiling in Living Room, Travertine Backsplash. Granite Counters. Includes the refrigerator washer and dryer. Home has a large, covered patio with ceiling fan and no back neighbors. Ceiling fans in family room and all the bedrooms Yard Maintenance Included, Alarm Service Available. Minutes from Weston Lakes Golf Club. Minutes from Downtown Fulshear, Shops and Restaurants. Country Living with small town feel.
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| Dec 29, 2022 | Sold | ||
| Sold | |||
| Dec 20, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017