8014 Colonial Lane
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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 |
|---|---|---|---|
| Jul 2, 2021 | Sold | ||
| Sold | |||
| Nov 9, 2020 | Listed by Texas Property Traders, INC | $325,000 | |
| Listed by Texas Property Traders, INC | |||
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New Construction! Rio Grande plan by CastleRock Communities located in Medical Center South area! This open concept plan has dramatic high ceilings, 4 bedrooms, a study, a game room, 2.5 baths, and a 2.5 car garage. This home will look like the model home photos when completed, the kitchen features Quartz countertops in the kitchen, an under-mount stainless sink, white 42" cabinets, pendant lights, upgraded backsplash, and an island! The family room has a laminate wood floor, 2-story high ceilings with a modern wrought iron staircase! Master bedroom on the first floor with upgraded tile in master bath, separate soaker tub and shower, and walk-in closet! Gameroom for the kids and separate study for those who work from home!
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| Jun 5, 2020 | Sold | ||
| Sold | |||
| Apr 13, 2020 | Listed by RE/MAX Integrity | $39,900 | |
| Listed by RE/MAX Integrity | |||
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Location! Location! Location! Easy commute to the NRG, The Medical Center, University of Houston, Texas Southern University, Downtown. Easy access to 288 and 610 Freeways. Walking distance to the BUS STOPS on Scott street.
Highly desired unrestricted subdivision means you can build a single family home or a duplex for an income producing property. Great investment opportunity!
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Property Highlights
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About Southeast Houston
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$2,290 /mo
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$2,290 /mo
- 3 Beds
- 2 Baths
- 1,718 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017