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3403 Candleway Drive
About This Property
This is a quiet neighborhood of all custom homes is known for its 1.8% low tax rate due to NO MUD TAX. JUST INSTALLED IN OCTOBER, BRAND NEW HVAC SYSTEM, INSIDE AND OUT. Downstairs, this property offers a large, block-paneled family room, a spacious formal dining area, a large home office/study, a Kitchen with some updates, a breakfast room, and the primary bedroom with renovated bathroom. There's a large utility room with a half bath. Upstairs are 4 secondary bedrooms with 2 secondary baths that have been totally renovated. Other updates are new interior paint and new carpet. Outback, you can enjoy a nice covered patio and a large backyard with mature trees. Candlelight Hills is located in the highly acclaimed Klein ISD and convenient to I-45, local restaurants and shopping.
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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 |
|---|---|---|---|
| Nov 24, 2025 | Sold | ||
| Sold | |||
| Oct 22, 2025 | In contract | - | |
| In contract | |||
| Aug 5, 2025 | Listed by eXp Realty LLC | $315,900 | |
| Listed by eXp Realty LLC | |||
| Jun 5, 2025 | Price Decreased |
$350,000
↓ $10K
(2.8%) | |
| Price Decreased | |||
| Mar 22, 2025 | Price Decreased |
$360,000
↓ $10K
(2.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017