48
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2702 Fort Caney 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%.
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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 |
|---|---|---|---|
| Aug 15, 2026 | Price Decreased |
$975,000
↓ $20K
(2%) | |
| Price Decreased | |||
| Jun 17, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 16, 2026 | Listed by Keller Williams Realty Southwest | $995,000 | |
| Listed by Keller Williams Realty Southwest | |||
| May 11, 2026 | Listed by Keller Williams Realty Southwest | $1,100,000 | |
| Listed by Keller Williams Realty Southwest | |||
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Located in a gated community at 2702 Fort Caney Drive, this home offers acreage living with easy access to Grand Parkway, Katy, and Sugar Land. The neighborhood features lakes, walking paths, and horse stables, giving you space without feeling far from everything. Inside, a two story foyer with an iron staircase sets the tone. The layout is practical and flexible with a primary suite and additional bedroom options on the first floor. The kitchen with granite counters and stainless appliances opens to the main living area, making it easy for everyday living and gatherings. The backyard has been upgraded with a pool and patio space, with plenty of room left to enjoy. Upstairs includes a media room, game room, bar area, additional bedrooms, and half baths on both levels. Recent updates include roof (2024), AC units (2024 and 2026), and water heater (2026). Circular drive in front and a 3 car garage in the back complete the setup.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017