3810 Drake Street
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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.
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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 |
|---|---|---|---|
| May 14, 2026 | Sold | ||
| Sold | |||
| Apr 19, 2026 | In contract | - | |
| In contract | |||
| Apr 9, 2026 | Listed by Keller Williams Realty Metropolitan | $2,175,000 | |
| Listed by Keller Williams Realty Metropolitan | |||
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Welcome to 3810 Drake, a FRANKEL built residence offering the level of craftsmanship, efficiency, and thoughtful design expected from one of Houston’s premier luxury builders. With a timeless curb appeal, the home is tucked away on a gently curved street lined with Old Oaks, in the heart of Sunset Terrace, a quiet residential pocket of 77005 zoning into WEST UNIVERSITY ELEMENTARY. Set on a sizable 7,687 SF lot, the backyard delivers what so few in this area can – a true outdoor retreat with POOL, GRASS space, and a COVERED PATIO with summer kitchen. A hard-to-find combination in 77005. WALNUT wood floors throughout connect open plan living spaces with large formals, stunning updated kitchen with Wolf/Sub Zero appliances and a light filled living room with views out over the pool. Four bedrooms up with separate GAMEROOM. An ELEVATOR in place adds long-term livability. LEED Certified and Energy Star Platinum, with 16+ SEER HVAC for enhanced efficiency. Zone X
(Per seller).
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| Aug 14, 2023 | Sold | ||
| Sold | |||
| Jun 19, 2023 | Listed by Greenwood King Properties | $2,100,000 | |
| Listed by Greenwood King Properties | |||
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This beautiful home is situated on a tree-lined street in the heart of Sunset Terrace. The home is a LEED certified and EFL platinum GREEN home with 16+SEER A/C, and Crestron control system. The large entry welcomes you and the home boasts walnut wood floors, high ceilings, large formals, open chef's kitchen, mud room, bar and private kitchen office alcove. The garage is equipped with 2 electric car chargers. Upstairs boasts 4 bedrooms plus a game room. The spacious Primary bedroom has a sitting area and well appointed Primary bathroom with walk-in closet. The covered patio looks out over an expansive backyard with sparkling pool and spa. The home is minutes from the medical center, downtown and Houston's best shopping and restaurants! Zoned to West U Elementary (Buyer to verify eligibility for attendance). Home was built by Frankel Builders. All per Seller
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017