12915 Memorial 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%.
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 |
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| Nov 3, 2023 | Sold | ||
| Sold | |||
| Sep 6, 2023 | Listed by TMND Realty | $824,900 | |
| Listed by TMND Realty | |||
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Incredible opportunity to own a completely mid-century modern home in desirable Memorial Bend near CitiCenter / Town & Country Village at a great price! The home was recently designed & renovated by Metalmark Homes. The proud new owners of this unique home will enjoy its clean lines & modern feel complete with soaring ceilings & lots of natural light. The spacious eat-in kitchen has chic black stainless Kitchen Aid appliances, beautiful quartz counters including a waterfall island, and lots of cabinetry. For entertaining, there's a large wet bar with a beverage fridge and a wood deck that overlooks the large backyard with plenty of room for a pool. The home boasts high-end appointments & custom designer touches throughout including engineered hardwood flooring, new light & plumbing fixtures, and much more. Major updates include low-E windows & doors, updated electrical & plumbing systems (including PEX pipes) and recent roof. See attached Remodel Highlights List and Floorplan.
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| Nov 18, 2022 | Sold | ||
| Sold | |||
| Sep 13, 2022 | Listed by Coldwell Banker Realty | $500,000 | |
| Listed by Coldwell Banker Realty | |||
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Multiple offers! Highest and best due today at 5 o’clock. Dream Location Packed with Potential! Memorial is a hotspot offering a rich & balanced lifestyle; ideal for a family on the move. This cool Mid Century Modern is LOT VAlUE, AS IS. The land here is so sought-after offering large yards, leafy lined streets in front of picturesque homes & zoned to award winning SBISD schools, including Nationally Ranked Rummel Creek Elementary. Easy Access, excellent schools, parks, recreation, & all the amenities for modern living, including proximity to two of Houston’s core employment Centers, Energy Corridor & Galleria/Uptown makes Memorial a lush neighborhood & community with all the perks of urban living. There’s no need to trek far for any necessity including shopping & excellent dining either. 12915 Memorial Drive is the perfect opportunity to work where you play. Envision your new home on this sizable lot, schedule a showing or drive by. Make an offer today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017