8506 Burning Hills 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%.
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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 |
|---|---|---|---|
| Feb 23, 2024 | Sold | ||
| Sold | |||
| Feb 8, 2024 | In contract | - | |
| In contract | |||
| Feb 1, 2024 | Listed by Compass RE Texas, LLC - The Heights | $365,000 | |
| Listed by Compass RE Texas, LLC - The Heights | |||
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Indulge in the allure of Mediterranean-inspired charm with this stunning 4-bedroom, 2.5-bathroom updated one story home on a quiet cul-de-sac. A spacious family room welcomes you with elegant paneling, featuring an impressive wall adorned with a fireplace and built-in bookshelves. Large windows and a skylight illuminate the room, creating a warm and inviting atmosphere. The thoughtful design includes a convenient pass-through window from the kitchen, seamlessly connecting spaces for a cohesive feel. Throughout the living areas, 9" vinyl plank Trail Oak floors grace the surfaces, providing both a touch of elegance and easy maintenance. Recent improvements worth noting are: PEX plumbing, tankless water heater, kitchen cabinets, kitchen granite counters, SS kitchen appliances including double ovens & fresh interior paint! Beautiful low maintenance turfed backyard space. NO FLOODING/NO FLOOD ZONE! Easy access to US 59 & 610, Beltway 8, Medical Center, shopping and restaurants.
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| Feb 1, 2021 | Sold | ||
| Sold | |||
| Nov 9, 2020 | Listed by Martha Turner Sotheby's | $295,000 | |
| Listed by Martha Turner Sotheby's | |||
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You will love this extensively renovated 4 bedroom/ 2.5 bath home! Enter to warm sage green formal living & dining rooms. Kitchen was remodeled with new cabinets, granite counters, and s/s appliances including double ovens. Large family room with rich brown paneling is highlighted by a wall with fireplace and bookshelves, corner windows , skylight and a pass thru window from kitchen. 9" vinyl plank Trail Oak floors flow thru the living areas. Hall bath tub and surround were replaced. Primary bath features a remodeled shower, 2 walk in closets and a long countertop over cabinetry. Additional improvements include, Pex and a tankless water heater.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017