8634 Merlin Drive
About This Property
The downstairs features a great room, dining area, wet bar w/ wine chiller and amazing cabinetry, study, flex-game room with adjacent full bath, kitchen, and spacious owner retreat. Upstairs, 4 bedrooms with ensuite bathrooms, a game room, and ample storage await. Outside, a summer kitchen, outdoor pavilion, and space for a pool. With high ceilings, RAM Windows, Iron Doors, spray foam insulation, tankless water heater, and Thermador Appliances, this home exudes comfort and style. Explore more on IG @UnikaHomes.
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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 |
|---|---|---|---|
| Dec 17, 2024 | Sold | ||
| Sold | |||
| Nov 20, 2024 | In contract | - | |
| In contract | |||
| Nov 2, 2024 | Listed by Compass RE Texas, LLC - The Heights | $2,449,000 | |
| Listed by Compass RE Texas, LLC - The Heights | |||
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Nestled in sought out Spring Valley Village, this amazing home at 8634 Merlin boasts high-end finishes, top-notch amenities, and exemplary schools. Zoned to exemplary Valley Oaks Elementary, Spring Branch Middle and Memorial HS (buyer to independently verify).
The downstairs features a great room, dining area, wet bar w/ wine chiller and amazing cabinetry, study, flex-game room with adjacent full bath, kitchen, and spacious owner retreat. Upstairs, 4 bedrooms with ensuite bathrooms, a game room, and ample storage await. Outside, a summer kitchen, outdoor pavilion, and space for a pool. With high ceilings, RAM Windows, Iron Doors, spray foam insulation, tankless water heater, and Thermador Appliances, this home exudes comfort and style. Explore more on IG @UnikaHomes.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017