16427 Cavendish Drive
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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 |
|---|---|---|---|
| Sep 2, 2025 | Sold | ||
| Sold | |||
| Aug 2, 2025 | In contract | - | |
| In contract | |||
| Jul 29, 2025 | Price Decreased |
$300,000
↓ $10K
(3.2%) | |
| Price Decreased | |||
| Jul 17, 2025 | Listed by eXp Realty LLC | $310,000 | |
| Listed by eXp Realty LLC | |||
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Welcome home-ready for move in! This beautifully updated and well maintained mid-century modern home in Clear Lake’s Middlebrook subdivision features 3 bedrooms, 2 bathrooms, and 1,589 sq ft of stylish living space. Enter through striking double front doors, soaring vaulted ceilings, luxury vinyl plank flooring, with a spacious family room. The modern kitchen boasts a spacious island, quartz countertops, subway tile backsplash, pendant lighting, white cabinetry, premium appliances with a mid-century color fridge. Bathrooms are updated with marble countertops, shower upgrades, and bright lighting. Additional recent upgrades include interior painting, PEX plumbing throughout, new electrical panel, epoxy garage flooring, landscape and much more! New patio door opens to spacious backyard with a patio deck, vegetable garden, and tons of shade. Enjoy access to community amenities including a pool and tennis courts, all just minutes to NASA, I-45, and University of Houston–Clear Lake.
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| Jul 15, 2025 | In contract | - | |
| In contract | |||
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