8503 Marchelle 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 1, 2021 | Sold | ||
| Sold | |||
| May 20, 2021 | Listed by BHGRE Gary Greene | $425,000 | |
| Listed by BHGRE Gary Greene | |||
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Beautiful 1 story home with a split floor plan that boasts 4 bedrooms and 3 bathrooms. Bedrooms nicely separated for privacy. Recently full interior paint 5/21, carpet 5/21 and wood flooring in dining room and hallway 2019, water heater 2019, roof 2016. Open and bright family room, and game room. The kitchen is the heart of the home and was recently updated quartz countertops, deep single hull sink and stacked stone backsplash. The 3 car tandem garage enters right between the dining room and kitchen, for easy delivery of groceries. Plenty of storage in the built in cabinets in the garage. Resort style backyard with recent pool, fence and pergola. Close to restaurants and shopping in upscale Vintage area. Access to 99, SH249 and Beltway 8 all within minutes. Acclaimed Klein ISD schools. Never flooded.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017