22711 Smokey Hill Drive
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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 |
|---|---|---|---|
| Dec 18, 2025 | Sold | ||
| Sold | |||
| Nov 26, 2025 | In contract | - | |
| In contract | |||
| Nov 4, 2025 | Listed by Redfin Corporation | $285,000 | |
| Listed by Redfin Corporation | |||
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Perfectly positioned in the heart of Katy, this 3-bedroom, 2-bath home has been beautifully maintained and is move-in ready. Located in the quiet and desirable Cimarron neighborhood, you’ll enjoy spacious lots with mature trees, ample yard space between homes, and you will be just a short stroll from the neighborhood park, pool, trails, sports courts and more! Inside, the home impresses with thoughtful updates including new countertops, refreshed cabinetry, a new A/C condenser, newer roof, energy-efficient windows, and fresh interior and exterior paint. The main living area offers a vaulted ceiling, brick fireplace, and abundant natural light. Primary bedroom with separate sitting area, would also make a great nursery or office. Both bathrooms have been tastefully remodeled. Step through the patio doors into a large, shaded backyard that provides exceptional privacy. This home is zoned to A+ Katy ISD, and is just minutes from Grand Parkway, I-10, and Westpark Tollway.
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| Apr 29, 2022 | Sold | ||
| Sold | |||
| Apr 1, 2022 | Listed by eXp Realty, LLC | $252,500 | |
| Listed by eXp Realty, LLC | |||
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Right in the heart of Katy close to Grand Parkway, I-10 & the Westpark Tollway is this well-maintained, updated, three-bedroom & two-bath home. Iconic Cimarron neighborhood with large lots means room between you and your neighbors and mature trees. Walking distance to the area pool, clubhouse, playgrounds, and tennis courts. The home has been well-maintained with an updated roof, new vinyl plank flooring, interior, exterior paint, and **DOUBLE PANE WINDOWS INSTALLED***. All bathrooms have been recently remodeled with modern fixtures, tile, and new vanities. The main living area has a vaulted ceiling, a brick fireplace, and lots of natural light throughout. Step outside the patio doors to a spacious backyard with shade trees and great privacy. Please see the open house schedule!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017