Compass RE Texas Acquires Single-Family Property In Houston For $4.6M
2023 Drexel Drive, Houston, TX 77027
$4,595,000
$580/SF
Building Size
7,920 SF
Asset Type
Single Family Residence
Closing
Oct 26, 2020
AI
The single-family property located at 2023 Drexel Drive in Houston has been sold. This transaction was facilitated by Mike Mahlstedt of Compass RE Texas, LLC. The property was listed for $4,595,000 and offers a spacious living area of 7,920 square feet, resulting in a price per square foot of $580.
Summary of transaction details
- Property Type: Single-Family
- Transaction Amount: $4,595,000
- Address: 2023 Drexel Drive, Houston
- Agent: Mike Mahlstedt - Compass RE Texas, LLC
This successful sale highlights the demand for fine properties in the Houston market. With its impressive living space and attractive price per square foot, the property presented an appealing opportunity for buyers. The involvement of Mike Mahlstedt from Compass RE Texas, LLC reflects the expertise and professionalism of the brokerage in handling such high-value transactions.
Players
Houston Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93