3008 S Saddlebrook Lane
About This Property
A picturesque front porch sets the tone. Inside, hardwood floors run throughout, every bathroom features custom tile, and the chef's kitchen is backed by a full butler's kitchen for prep, catering and entertaining. A private mother-in-law suite downstairs, custom office with built-ins and 4-car garage.
The backyard is the showpiece. Completed within the last year at roughly $250K, it features a 45' x 25' pool surrounded by turf and a full outdoor kitchen with grill, skillet, ice maker, refrigerator, sink and disposal.
Beyond the pool is nearly an acre of open land with room for a guest house, workshop or more. Minutes from Grand Parkway, I-10 and Westpark Tollway and zoned to Katy ISD schools, it's a combination nearly impossible to replicate in Katy.
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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 |
|---|---|---|---|
| Oct 3, 2026 | In contract | - | |
| In contract | |||
| Sep 28, 2026 | Listed by Compass RE Texas, LLC - West Houston | $1,695,000 | |
| Listed by Compass RE Texas, LLC - West Houston | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017