905 Murphy Lane
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 |
|---|---|---|---|
| Mar 18, 2022 | Sold | ||
| Sold | |||
| Mar 8, 2022 | Listed by Keller Williams Realty | $700,000 | |
| Listed by Keller Williams Realty | |||
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Stunning custom home on 0.9 acres in the heart of Friendswood! Main house features 4 beds/3.5 baths, of which 2 primary bedrooms are downstairs with ensuite baths, and 2 secondary bedrooms are upstairs with a shared bath. The flexible floor plan provides a home office, two dining areas, and an amazing oversized game room downstairs. Outside you will find a detached apartment, incredible recently-built pool, HUGE covered patio, fire pit, workshop with electricity, and dedicated parking for 6 vehicles, plus a full circle driveway. The home is beautifully updated, with wood and tile floors throughout, gorgeous granite in the kitchen and remodeled baths, roof replaced in 2022 and recent high-efficiency HVAC installations. Attentive details abound, including luxurious soaking tub and double shower in the primary bath, induction cooktop and dual ovens in the kitchen, dedicated dog run fenced in, and magical bistro lights around the property. Walking distance to desirable Friendswood HS.
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About Friendswood
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017