29
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16406 Shady Elms Drive
About This Property
CURVED STAIRCASE welcomes you when you enter the home! The updated kitchen features GRANITE COUNTERTOPS. The COZY FIREPLACE is the focal point in the family room. Step outside and discover the backyard that is ideal for outdoor entertaining and family fun with a large patio, playground, fire pit, and garden area. The Private gated access to the 2-car detached garage is a great feature! Conveniently located near NASA, University of Houston-Clear Lake with shops, restaurants, parks and lakes. Imagine your family making memories for years to come!
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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 |
|---|---|---|---|
| Oct 4, 2026 | Price Decreased |
$318,000
↓ $15K
(4.5%) | |
| Price Decreased | |||
| Sep 4, 2026 | Listed by Douglas Elliman Real Estate | $333,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Aug 18, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 11, 2026 | Price Decreased |
$355,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Jun 27, 2026 | Price Decreased |
$360,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
Property Highlights
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About Clear Lake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017