9216 Carousel Lane
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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 |
|---|---|---|---|
| Jul 11, 2022 | Sold | ||
| Sold | |||
| May 27, 2022 | Listed by BHGRE Gary Greene | $275,000 | |
| Listed by BHGRE Gary Greene | |||
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Gotta see this 1 story, quaint, cozy, three bedroom charmer, in the middle of Spring Branch. Immaculately maintained, this gem of a property, has it all; hardwood look-alike tile in the living room, dining room and kitchen, vaulted ceilings, recent A/C, furnace, hot water heater & ceiling fans. An expansive mudroom/laundry room was added in 2016 and the garage was converted in 2020 (Seller’s mancave). Mancave is a huge, versatile space that could certainly be used as a game room, craft room, bunk room, etc. Last, but not least, you will find a piece of paradise out back. Relax on newly poured patio with pergola & enjoy the large shade tree, handy utility shed and gravel area for BBQ pit, etc. NEVER FLOODED. MULTIPLE OFFERS!!! SEND HIGHEST & BEST BY 5pm CST TUESDAY, 5/31/22.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017