4112 Merlet 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 |
|---|---|---|---|
| Aug 31, 2026 | Sold | ||
| Sold | |||
| Aug 16, 2026 | In contract | - | |
| In contract | |||
| Aug 12, 2026 | Listed by Realvest Services, LLC | $275,000 | |
| Listed by Realvest Services, LLC | |||
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Gorgeous home with GREAT curb appeal! This three bedroom, two bathroom offers an open floor plan, fenced backyard, spacious rooms, and PLENTY of storage. The kitchen has been updated with gorgeous white quartz and a subway backsplash. All new appliances will stay with the home! The hard floors throughout are perfect for high traffic and everyday living comfort and style! The formal dining can be used as a flex/office space or extra room for entertaining. Zoned to Pearland ISD and settled in a subdivision with quick access to all the surrounding areas. 4112 Merlet will have you feeling right at home! Don't miss out and schedule your showing today!
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| Aug 8, 2026 | Price Decreased |
$279,900
↓ $15K
(5.1%) | |
| Price Decreased | |||
| Jul 24, 2026 | Listed by Realvest Services, LLC | $295,000 | |
| Listed by Realvest Services, LLC | |||
Property Highlights
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About Pearland
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017