8805 Robindell Drive
About This Property
Did not flood per owner. Brick home. Underground plumbing replaced both baths. Replaced electric panel and HVAC 2015. Roof 2016. Beautiful hardwoods in living room, hall and bedrooms. Updated kitchen with granite counters, porcelain tile floors, gas range/oven and refrigerator included. Primary bedroom has walk-in closet and half bath. Large fenced yard. Convenient to HBU, Galleria, Greenway Plaza, Texas Medical Center. Active HOA with constable patrol.
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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 28, 2023 | Sold | ||
| Sold | |||
| Aug 19, 2022 | Listed by Coldwell Banker Realty | $268,900 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017