23022 Palm Trail 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 |
|---|---|---|---|
| Oct 30, 2025 | Sold | ||
| Sold | |||
| Oct 12, 2025 | In contract | - | |
| In contract | |||
| Oct 2, 2025 | Price Decreased |
$399,900
↓ $20K
(4.8%) | |
| Price Decreased | |||
| Sep 16, 2025 | Listed by Texas United Realty | $420,000 | |
| Listed by Texas United Realty | |||
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23022 Palm Trail Drive is a beautiful, well-maintained home located in a desirable neighborhood. This charming property is close to Katy Mills Mall and excellent restaurants, offering convenience and a vibrant lifestyle just minutes away. Whether you're looking for shopping, dining, or entertainment, everything you need is right around the corner.
" In-ground pool in the backyard"
Fun for Family & Friends: Perfect for entertaining, parties, and quality time.
Primary suite on the first floor includes a sitting area, walk-in closet; and a bath with a soaking tub, separate shower, dual sinks. formal living and dining rooms; a den (or study/home office) on the first floor; open breakfast room; kitchen updated with granite counters, extended cabinetry. Generous game room plus a bonus/flex room; 3 additional bedrooms.
Fireplace: one gas-log fireplace in the den or family area.
High ceilings, crown molding, prewired for alarm system; window coverings included
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| Aug 17, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017