8725 Oak Kolbe Lane
About This Property
Backyard: new fence, built-in kitchen, fireplace, lighting /auto sensors & turf. Home: *NEW (2022) XC20 Elite Series variable speed AC unit.
Kolbe Farms sits on 38 acres w/ pools, lake, hiking/jogging trails, kids' park & dog park, access to SB trail. Easy access to I-10, 290, 610 & Beltway 8. Between Energy Corridor & Downtown.
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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 |
|---|---|---|---|
| Feb 9, 2024 | Sold | ||
| Sold | |||
| Jan 12, 2024 | In contract | - | |
| In contract | |||
| Nov 16, 2023 | Listed by Keller Williams Memorial | $550,000 | |
| Listed by Keller Williams Memorial | |||
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First-floor living and extraordinary amenities at your fingertips, this home is UNIQUE in the gated community of Kolbe Farms with a private custom-built backyard on a corner lot. The 3-story home features a first-floor living room, dining room, and kitchen in an open-concept floor plan with beautiful hardwood floors. 2nd floor features your primary suite w/ a cozy reading area, adorned with a high-end Restoration Hardware bookshelf that conveys with the home. Also on the second floor: 2 other bedrooms, a full bath & utility room. 3rd floor is a spacious, well-illuminated flex space that can double as a home office, gym, media room, or 4th bedroom. UPGRADES:
Backyard: new fence, built-in kitchen, fireplace, lighting /auto sensors & turf. Home: *NEW (2022) XC20 Elite Series variable speed AC unit.
Kolbe Farms sits on 38 acres w/ pools, lake, hiking/jogging trails, kids' park & dog park, access to SB trail. Easy access to I-10, 290, 610 & Beltway 8. Between Energy Corridor & Downtown.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017