8311 Sorrel Leaf Lane
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%.
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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 |
|---|---|---|---|
| Sep 9, 2020 | Sold | ||
| Sold | |||
| Apr 27, 2020 | Listed by Greenwood King Properties | $789,000 | |
| Listed by Greenwood King Properties | |||
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8311 Sorrel Leaf Ln. is centrally located in a beautiful, gated community within Spring Branch. Finished in 2016, this home features 5 bedrooms, 4 1/2 baths, a large eat-in kitchen with breakfast area and counter seating at the island. The formal dining is located just off the entry. Step out to the roomy covered patio located off the breakfast/living area which overlooks the spacious backyard (a feature that sets this home apart from others in the community). Gleaming wood floors cover the first and much of the second floor levels (pristine neutral carpet in the secondary bedrooms). A large gameroom, 5th bedroom and full bath are located on the third floor. Walkability to Valley Oaks Elementary and zoning to Memorial High school (Buyer to verify eligibility) make this home special as does the sparkling community pool just around the corner. Whole house water filtration system included*. Make your appointment to visit this meticulously cared for home today. *Per Seller
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Property Highlights
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Price/ft²
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About Northwest Houston
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$2,700 /mo
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$2,700 /mo
- 3 Beds
- 3 Baths
- 1,836 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017