1150 Red Rock Canyon Drive
About This Property
This home features an open floor plan that creates a seamless and airy feel, highlighted by tall ceilings in the living room and a cozy fireplace that serves as a beautiful centerpiece for the main living area. The functional kitchen is well-equipped for cooking and entertaining, boasting durable granite countertops and modern stainless steel appliances. Designed with comfort in mind, the primary bedroom includes a large walk-in closet providing ample storage space.
The location is a standout, situated in a prime area with easy access to award-winning Katy ISD schools, diverse shopping, and local dining. Residents will also appreciate the easy commute and accessibility provided by nearby I-10 and TX-99.
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One or more photos in this listing have been virtually staged.
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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 16, 2026 | Price Decreased |
$269,900
↓ $5K
(1.8%) | |
| Price Decreased | |||
| Sep 11, 2026 | Price Decreased |
$274,900
↓ $5K
(1.8%) | |
| Price Decreased | |||
| Jul 31, 2026 | Price Decreased |
$279,900
↓ $5K
(1.8%) | |
| Price Decreased | |||
| Jul 14, 2026 | Price Decreased |
$284,900
↓ $5K
(1.7%) | |
| Price Decreased | |||
| May 18, 2026 | Listed by Entera Realty LLC | $289,900 | |
| Listed by Entera Realty LLC | |||
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About Cimarron
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$2,350 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017