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1944 Purswell Road
About This Property
The first floor offers a full bedroom and bath, perfect for guests or a private office, while the top level features the spacious primary suite. Located in the heart of Houston, you'll enjoy quick access to the Galleria, Memorial Park, Memorial City Mall, and an array of dining and entertainment options.
This gated community offers energy-efficient design, generous living space, and is surrounded by exciting planned developments, including future high-speed rail access, making it an exceptional choice for both comfort and long-term value.
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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 |
|---|---|---|---|
| May 8, 2026 | Sold | ||
| Sold | |||
| Apr 11, 2026 | In contract | - | |
| In contract | |||
| Feb 18, 2026 | Listed by Keller Williams Memorial | $465,000 | |
| Listed by Keller Williams Memorial | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017