306 Baker Drive
About This Property
Flexible floor plan offers utility connections in two locations, allowing options for laundry placement and potential pantry expansion. The enclosed breezeway provides additional versatile space ideal for a home office, hobby area, or second living space. A covered exterior area is ready for a hot tub setup.
Outdoor amenities include a chicken coop, raised garden beds, and secondary covered parking in the rear with space for a boat, trailer, or golf cart. Conveniently located near downtown Tomball's shops, restaurants, and community events, with access to Tomball ISD.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 29, 2026 | Sold | ||
| Sold | |||
| Mar 16, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 26, 2026 | Listed by RE/MAX Elite Properties | $282,500 | |
| Listed by RE/MAX Elite Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017