$300,000 Last Listed Price
●
House -
Off Market
3002 Raintree Village Drive
Katy, TX 77449
4 Beds
2 Baths,
1
Half Bath
2,281 Ft²
$2,076
Est. Monthly
$41
HOA / Fees
About This Property
Investor Special! This very well-maintained 4-bedroom, 2.5-bath
home is located in the highly desirable Raintree Village community.
It features high ceilings, a cozy chimney, and an upstairs TV room
perfect for relaxation or entertainment. Recent upgrades include
new tile and wood flooring throughout the first floor, and the roof
was replaced in 2017. The beautifully landscaped exterior enhances
its curb appeal, making it a standout property. The home has had
the same tenant for 14 years, who wishes to remain, providing a
stable rental income opportunity. Conveniently situated near
Interstate 99, this home is part of the award-winning Katy ISD
school district and is close to the community pool. Don't miss this
exceptional opportunity in a prime Katy location!
Unit Size
2,281 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$132
Property Type
House
Property Taxes
$561
HOA Dues
$41
Year Built
1999
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (HAR #45819264)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Jul 25, 2024 | In contract | - | |
| In contract | |||
| Jul 22, 2024 | Listed by Martha Turner Sotheby's International Realty - The Woodlands | $300,000 | |
| Listed by Martha Turner Sotheby's International Realty - The Woodlands | |||
| | |||
|
Investor Special! This very well-maintained 4-bedroom, 2.5-bath home is located in the highly desirable Raintree Village community. It features high ceilings, a cozy chimney, and an upstairs TV room perfect for relaxation or entertainment. Recent upgrades include new tile and wood flooring throughout the first floor, and the roof was replaced in 2017. The beautifully landscaped exterior enhances its curb appeal, making it a standout property. The home has had the same tenant for 14 years, who wishes to remain, providing a stable rental income opportunity. Conveniently situated near Interstate 99, this home is part of the award-winning Katy ISD school district and is close to the community pool. Don’t miss this exceptional opportunity in a prime Katy location!
| |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Raintree Village
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Mariela Campalans, Martha Turner Sotheby's International Realty - The Woodlands
Last Updated: 5 months ago
Data Source: HAR , MLS# 45819264
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Last Updated: 5 months ago
Data Source: HAR , MLS# 45819264
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