1602 Water Oak Point 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 |
|---|---|---|---|
| Dec 16, 2021 | Sold | ||
| Sold | |||
| Oct 6, 2021 | Listed by Nan & Company Properties | $535,000 | |
| Listed by Nan & Company Properties | |||
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Welcome to this beautiful 3 bedroom 3.5 bath 2016 Ryland masterpiece in Spring Branch - zoned to highly sought after Memorial High School. Located in a secure gated community where homes are rarely available for sale. This home offers lots of builder upgrades that include a rooftop deck, wet bar and generous room sizes. First floor family room open to kitchen/dining, hardwood floors, decorator finishes. Primary suite with walk-in closet, double vanity/sinks, frameless shower, and garden soaking tub. This home also features double parking spaces in front and a Tesla charging station for those electric car lovers. Located across from community park and ample guest parking. Minutes to I-10 - an ideal location with convenient access to Downtown, Galleria, Energy Corridor, and City Centre. Call for a private tour today.
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Property Highlights
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Price/ft²
Listed On
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About Northwest Houston
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Currently no similar homes aroundNearby Rentals
$1,200 /mo
- 1 Bed
- 1 Bath
- 680 ft²
$2,350 /mo
- 3 Beds
- 2 Baths
- 1,721 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017