12422 Cobblestone Drive
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 |
|---|---|---|---|
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jun 28, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Listed by LPT Realty, LLC | $1,335,000 | |
| Listed by LPT Realty, LLC | |||
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Nestled in a spacious cul-de-sac lot in the prestigious Memorial area, this beautiful home is surrounded by tall timber trees offering shade and serenity. The expansive front yard features a private mini putting green — perfect for outdoor enjoyment. Inside, you'll find an open-concept design filled with natural light, ideal for both everyday living and entertaining. The layout is thoughtfully planned for comfort and flow. Recent upgrades include a new dishwasher, vent hood, and a full water softener system. Zoned to highly rated Memorial Middle and High School, both within walking distance. Centrally located with quick access to I-10, minutes to the city center, upscale shopping, and fine dining. This is your chance to live in one of Houston’s most desirable neighborhoods!
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| Feb 28, 2022 | Sold | ||
| Sold | |||
| Dec 28, 2021 | Listed by REALM Real Estate Professional | $1,000,000 | |
| Listed by REALM Real Estate Professional | |||
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This home sits on an oversized Cul De Sac lot on the beautiful tall timbers tree. A spacious front yard with putting green golf course. The home offers a bright and open floorplan, and a great location in Memorial. This home enjoys abundant natural light and a layout designed for easy living and entertaining. Thoughtful remodeled with an open concept kitchen, living and dining. The redesigned kitchen is a light-filled space with breakfast bar, abundant storage and stainless-steel appliance. A generously kitchen, charming 4 bedrooms home, title floor, plantation shutters with E-window. Come and see this beautiful home in one of Memorial's most sought after neighborhoods. Central location to I-10, city center, luxury shopping and fine dining. Walking distance to Memorial Middle school. Did not Flooded during Harvey.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017