3806 Lake Falls Drive
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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 |
|---|---|---|---|
| Sep 25, 2026 | Sold | ||
| Sold | |||
| Aug 4, 2026 | In contract | - | |
| In contract | |||
| May 30, 2026 | Listed by RE/MAX Grand | $545,000 | |
| Listed by RE/MAX Grand | |||
| Oct 20, 2022 | Sold | ||
| Sold | |||
| Sep 7, 2022 | Listed by JPAR - The Sears Group | $499,990 | |
| Listed by JPAR - The Sears Group | |||
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Freshly updated and renovated Gorgeous 1 story 4/3/2 Perry Home with a HUGE 22x12 covered Patio, in the sought after Cross Creek Ranch Community. YOUR NEW HOME is located a short walk from the Elementary School and the NEW community Pool and Park. Upgrades include: Brand New Brick/Stone Exterior, Resilient Tile Floors that look like Wood, Marble, SS appliances, Spacious Kitchen and Large Island with Breakfast Bar, New Dishwasher, and Landscaping, Fresh Paint throughout, French Drains, Sprinkler system, Solar Panels, Water Softener, Tankless H2O Heater, mud room, Covered Patio with new tile adds additional outdoor Living space for year round enjoyment. Energy Star Efficiency Home minutes from H-E-B, Katy ISD schools, Parks, Pools, Restaurants, Entertainment, and Westpark Tollway. Professionally Cleaned and Staged with Too many Upgrades to list them ALL, You MUST see this one for yourself!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017