223 Sparkling Water 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%.
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 |
|---|---|---|---|
| Feb 2, 2026 | Sold | ||
| Sold | |||
| Sep 5, 2025 | In contract | - | |
| In contract | |||
| Aug 5, 2025 | Listed by Keller Williams Memorial | $260,000 | |
| Listed by Keller Williams Memorial | |||
| May 14, 2025 | Listed | $289,990 | |
| Listed | |||
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Situated on a spacious lot, this three-bedroom, two-bathroom home offers a blend of comfort and convenience in the Water Wonderland subdivision. The open-concept layout connects the living, dining, and kitchen areas, creating an inviting space for everyday living. A large front and back porch provide plenty of room to relax and enjoy the peaceful surroundings. The fully fenced yard features lush landscaping, while covered parking for boats or RVs, a double carport, and multiple storage buildings add functionality. Located just a short walk from Lake Houston, residents have access to private neighborhood parks and a boat launch.
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| Apr 3, 2025 | Listed | $300,000 | |
| Listed | |||
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|
Situated on a spacious lot, this three-bedroom, two-bathroom home offers a blend of comfort and convenience in the Water Wonderland subdivision. The open-concept layout connects the living, dining, and kitchen areas, creating an inviting space for everyday living. A large front and back porch provide plenty of room to relax and enjoy the peaceful surroundings. The fully fenced yard features lush landscaping, while covered parking for boats or RVs, a double carport, and multiple storage buildings add functionality. Located just a short walk from Lake Houston, residents have access to private neighborhood parks and a boat launch.
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About Harris
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017