1903 Rainlily 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%.
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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 |
|---|---|---|---|
| Jul 16, 2021 | Sold | ||
| Sold | |||
| Apr 25, 2021 | Listed by M&M Realty | $249,995 | |
| Listed by M&M Realty | |||
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Welcome to 1903 Rainlily Drive located in the Mayde Creek Farms Community of Houston, Texas. Featuring 4 Bedrooms, 2.5 Baths, Large Family Room with floor-to-ceiling Brick Fireplace, Open Kitchen/Breakfast Area and more. Recent Upgrades include Luxury Laminate flooring throught out the first floor, Brand New Stainless Steel Stove, Dishwasher, Updated Lighting fixtures and SS Refrigerator will Stay. Primary Suite is down with Dual Vanities in the Primary Bath along with a Decorative Framed Mirror. Decent Size Secondary Bedrooms Upstairs. Home is situated on a huge 8500+sqft lot and located less then a mile away from Interstate 10 and close proximity to all the entertainment including Cullen park with beautiful biking trails, picnic areas, restaurants, malls and more. Amazing backyard with deck and kids play area. WILL NOT LAST. Showings begin April, 29th 2021.
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Property Highlights
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Price/ft²
Listed On
Sold On
About Northwest Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017