8107 Lorrie 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 |
|---|---|---|---|
| Nov 30, 2020 | Sold | ||
| Sold | |||
| Oct 22, 2020 | Listed by Ryans Real Estate Brokers, LLC | $325,000 | |
| Listed by Ryans Real Estate Brokers, LLC | |||
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Priced near land value, this property offers an opportunity for either new construction or remodeling. The home has been remediated after Hurricane Harvey and is ready for your new ideas. It is located in a rapidly growing section of Knollwood Village with many recently built new and remodeled homes. Nestled between majestic oak trees, the lot has dimensions of 75' X 110', per the Survey, making for a terrific building site.
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Property Highlights
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About Southwest Houston
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Currently no similar homes aroundNearby Rentals
$8,500 /mo
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$1,850 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017