1540 Dawn Harbor Drive
About This Property
The gourmet kitchen features granite countertops, stainless steel appliances, and 42" cabinetry, opening to a spacious family room with engineered wood floors, soaring ceilings, and a gas fireplace. The elegant primary suite offers a spa-like bath with dual sinks, and walk-in shower.
Enjoy a covered patio, fenced backyard, sprinkler system, and access to Sunterra's resort-style pool, lazy river, Crystal Lagoon, and other amenities. Zoned to Katy ISD (Cross Elementary, Haskett JH, Freeman HS), with convenient access to the Grand Parkway, I-10, Katy Mills, and an array of shopping and dining.
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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 |
|---|---|---|---|
| Nov 3, 2026 | Price Decreased |
$449,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Sep 3, 2026 | Listed by KTP Realty | $459,000 | |
| Listed by KTP Realty | |||
| May 13, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 14, 2026 | Price Decreased |
$475,000
↓ $24K
(4.8%) | |
| Price Decreased | |||
| Apr 7, 2026 | Price Decreased |
$499,000
↓ $16K
(3.1%) | |
| Price Decreased | |||
Property Highlights
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About Waller
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$2,300 /mo
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- 1,855 ft²
$2,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017