8801 Merlin Drive
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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 |
|---|---|---|---|
| Apr 30, 2024 | Sold | ||
| Sold | |||
| Apr 6, 2024 | In contract | - | |
| In contract | |||
| Apr 2, 2024 | Listed by Compass RE Texas, LLC - Houston | $930,000 | |
| Listed by Compass RE Texas, LLC - Houston | |||
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Don't miss this opportunity to build or remodel your Houston dream home on an expansive lot in the established, desirable Spring Valley Village. Located on a corner lot, spanning over a quarter-acre, this property offers a peaceful setting surrounded by some of Spring Valley's most exceptional homes. The existing residence features 3 bedrooms, 2 bathrooms, a paneled den, formal dining room, and family room. Spring Valley Village is an outstanding community offering unparalleled amenities, including top-rated schools, lush parks, convenient highway access, shopping, and dining. Embrace the chance to customize your ideal living space in Spring Valley Village! Property is being sold as is where is.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017