9511 Farrell Drive
About This Property
This outstanding one-story home boasts a wonderful floorplan with a formal dining room, open living room, and spacious primary bedroom with huge walk-in closet, great patio area to enjoy beautiful Texas sunset or entertain. Also, this house has many updated including backsplash, countertop, stainless steel appliances, tile floor (2021), water heater (2021) and new roof (2022) Great location near FM 1960, 249, and the Sam Houston Toll Road residents have easy access to dining, shopping (Willowbrook Mall, Vintage Park and Lone Star College). Buyer(s)
needs to verify all MLS information and the sqft of the home independently. Measurements are approximate.
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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 |
|---|---|---|---|
| Oct 7, 2024 | Sold | ||
| Sold | |||
| Aug 31, 2024 | In contract | - | |
| In contract | |||
| Aug 14, 2024 | Relisted | $225,000 | |
| Relisted | |||
| Jul 29, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Jul 21, 2024 | Listed by RE/MAX Partners | $225,000 | |
| Listed by RE/MAX Partners | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017