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1308 Neiman Ln
About This Property
Wheatley Grove's newest offering sits along a private road in one of Houston's most sought-after corridors - with an active farm as your neighbor. This newly built two-story home delivers high ceilings, luxury plank flooring, and an open-concept layout designed for real life. The kitchen is built to impress: Cambria quartz countertops, Samsung stainless appliances, soft-close cabinetry, a walk-in pantry, and refined silver hardware throughout. Upstairs, the primary suite earns its title - coffered ceilings, an oversized walk-in closet, and a spa-inspired bath with dual vanities, soaking tub, and an oversized shower. Two additional bedrooms offer flexibility for family, guests, or a home office. All of this, minutes from the Heights, Garden Oaks, Oak Forest, and downtown Houston. Private road access, rare open views, and premium finishes in a location that keeps appreciating. Opportunities like this don't stack up often.
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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 |
|---|---|---|---|
| Jul 17, 2026 | Price Decreased |
$299,000
↓ $6K
(2%) | |
| Price Decreased | |||
| Jun 17, 2026 | Listed by NB Elite Realty | $304,990 | |
| Listed by NB Elite Realty | |||
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About North Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017