22218 Bay Spring Drive
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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 |
|---|---|---|---|
| Jan 18, 2024 | Sold | ||
| Sold | |||
| Jan 2, 2024 | In contract | - | |
| In contract | |||
| Dec 26, 2023 | Listed by Keller Williams Premier Realty | $675,000 | |
| Listed by Keller Williams Premier Realty | |||
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5 BEDROOM 3.5 BATH HOME w/POOL/SPA nestled on CORNER CUL DE SAC LOT in the HIGHLY DESIRABLE CINCO RANCH SOUTH LAKE VILLAGE NEIGHBORHOOD. Upon entry you will be greeted w a formal dining & two story family room w/floor to ceiling windows, gas log duel sided fireplace, wood flooring & custom wall lined wainscotting. Continue to the large den area w/fireplace that is open to the white Isle farmhouse style kitchen w/custom pendent lighting, trendy hardware, wall shelving & built in desk area. Primary Suite w/ fireplace & separate sitting area & en suite bath w/jetted tub, separate shower & 2 large closets. Head upstairs to a large game room w/wet bar & 4 spacious secondary bedrooms & 2 full baths. Walking distance to the BEACH CLUB POOL w/sand volleyball, lakes, parks, nature trails, tennis courts, a golf course & much more! Just minutes from shopping/dining in La Centerra. Easy commute to Energy Corridor & Downtown via I-10/Hwy 99 & Westpark Toll. KATY ISD. LOW TAX RATE. NEVER FLOODED!
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| Jun 26, 2020 | Sold | ||
| Sold | |||
| May 22, 2020 | Listed by BHGRE Gary Greene | $450,000 | |
| Listed by BHGRE Gary Greene | |||
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Welcome Home to 22218 Bay Spring Dr. located in South Lake Village & zoned to Katy ISD. This beautiful David Weekly Home features 5 Bedrooms, 3 full baths & 1 half bath on a corner lot! As you enter the home you are welcomed by both the formal living & dining rooms. The family room showcases a gorgeous dual gas fireplace w/mantel, wood flooring, soaring high ceilings w/double crown molding & large windows allowing natural light to shine through. Relax after a long day in your master suite featuring a dual fireplace & separate sitting area! The ensuite features separate vanities, walk-in shower, separate garden tub & walk-in closet. The kitchen showcases white cabinetry, granite, island w/cooktop, pendant lights & breakfast bar. The upstairs game room offers a wet bar! Step outback to the sparkling spa & pool & don't forget to check out the amenities! You don't want to miss out on all this home has to offer. Home did NOT flood! Check out the virtual tour & schedule your showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017