36
Map
3815 Latma Drive
About This Property
This home is a short term investor or mid term investor's dream. With proximity to NRG stadium, Houston Zoo, and Texas Children's hospital your client list never runs dry here. If you run Airbnb, VRBO, Furnished Finder or similar type properties you will know the value here is golden.
Conveniently located with a low tax rate and easy access to the Texas Medical Center, Downtown Houston, The Galleria, and NRG Stadium. No HOA so you are free to decorate and run the property the way you wish.
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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 |
|---|---|---|---|
| Jul 23, 2026 | Sold | ||
| Sold | |||
| Jun 26, 2026 | In contract | - | |
| In contract | |||
| Jun 1, 2026 | Listed by eXp Realty LLC | $590,000 | |
| Listed by eXp Realty LLC | |||
| May 21, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 27, 2026 | Relisted | $595,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017