21618 Ivory Gate Lane
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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 1, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 31, 2026 | Listed by Danny Nguyen Commercial | $315,000 | |
| Listed by Danny Nguyen Commercial | |||
| Aug 25, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 31, 2026 | Listed by Danny Nguyen Commercial | $328,000 | |
| Listed by Danny Nguyen Commercial | |||
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Welcome to 21618 Ivory Gate Lane in the sought-after Morton Ranch community, zoned to Katy ISD! This well-maintained 3-BEDROOM, 2-BATH home features an OPEN-CONCEPT LAYOUT with a formal dining room, spacious family room with HIGH CEILINGS and abundant natural light, and a stylish kitchen complete with STAINLESS STEEL APPLIANCES, GRANITE COUNTERTOPS, DARK CABINETRY, and a LARGE ISLAND. The private primary suite offers DUAL WALK-IN CLOSETS, DOUBLE VANITIES, a GARDEN TUB, and a SEPARATE SHOWER. Step outside to a COVERED PATIO overlooking the spacious backyard with a FIRE PIT, perfect for relaxing or entertaining. As an added value, the home is equipped with 35 SOLAR PANELS THAT WILL BE PAID OFF BY THE SELLER AT CLOSING, allowing the new owner to enjoy the energy-saving benefits with NO SOLAR LOAN TO ASSUME. Schedule your private showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017