825 Janisch Road
About This Property
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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 |
|---|---|---|---|
| Jun 10, 2022 | Sold | ||
| Sold | |||
| Apr 23, 2022 | Listed by Keller Williams Realty - Memor | $600,000 | |
| Listed by Keller Williams Realty - Memor | |||
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Located in booming Lowell Heights and surrounded by numerous existing and upcoming new construction developments, this large 15,810 sq.ft. CORNER LOT (per HCAD) provides an ideal building site for a multi-home development. HCAD plat map reports lot dimensions of 73’ X 223’. Lot borders recently re-constructed Brinkman Street complete with new sidewalks and is located just steps from Shepherd Park which offers a playground, walking trails, lots of mature trees and a Little Free Library. There’s a flurry of development in this immediate area due to the close proximity to the Heights and Garden Oaks/Oak Forest. Home on property appears to be livable and could potentially be rented by the developer to provide income during the re-plat and permitting process. Home is in AS-IS condition and no interior showings will be allowed without the listing agent present.
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About North Houston
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$3,950 /mo
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- 1 Bath
- 192 ft²
$4,900 /mo
- 3 Beds
- 2 Baths
- 3,020 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017