8031 Allen Drive
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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 |
|---|---|---|---|
| Aug 28, 2023 | Sold | ||
| Sold | |||
| Apr 1, 2023 | Listed by Lake Homes Realty, LLC | $52,000 | |
| Listed by Lake Homes Realty, LLC | |||
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Great opportunity to own ACREAGE at a great price! This 2.6 acre lot is in a booming area surrounded by desirable locations such as Lake Conroe, The Woodlands, Montgomery, Magnolia, and Conroe. The lot is also a reasonable commute to IAH and downtown Houston as well. Come get it quick and enjoy acreage PROPERTY IS IN THE FLOODWAY.
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Last Updated: 5 months ago
Data Source: HAR , MLS# 16181478
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017