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18407 Bluewater Cove Drive
About This Property
The primary suite offers a private bath with dual vanities, separate tub and shower, and a walk-in closet. Split floor plan provides privacy with spacious secondary bedrooms and no carpet throughout. Enjoy the enclosed covered patio overlooking the golf course-ideal for relaxing or entertaining. Conveniently located near shopping, dining, IAH Airport, and major freeway access.
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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 31, 2026 | Price Decreased |
$295,000
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Oct 17, 2026 | Price Decreased |
$300,000
↓ $3K
(0.8%) | |
| Price Decreased | |||
| Sep 5, 2026 | Price Decreased |
$302,500
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$307,500
↓ $8K
(2.4%) | |
| Price Decreased | |||
| Jun 18, 2026 | Price Decreased |
$315,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017