8
Map
$399,000
●
House -
For Sale
412 Rafi Run Lane
Houston, TX 77018
3 Beds
2 Baths,
1
Half Bath
1,613 Ft²
$2,196
Est. Monthly
$150
HOA / Fees
About This Property
Experience Yale Heights by LMR Development, a boutique gated
community of 43 luxury patio homes designed for modern living, with
select homes available for immediate move-in. This home is
scheduled to begin construction in late 2026. This 3-bedroom,
2.5-bath residence features first-floor living, a spacious
second-floor primary suite, and a private backyard that extends
your outdoor living space. Fisher & Paykel appliances and designer
finishes elevate the interior. Residents enjoy beautifully
landscaped green spaces with winding walking paths, a signature dry
river bed, gathering areas, and The Bark Yard, a whimsical
neighborhood dog park. Pet-friendly and thoughtfully designed, Yale
Heights is just minutes from The Heights, Oak Forest, Garden Oaks,
premier restaurants, shopping, and Houston's major employment and
entertainment destinations.
Unit Size
1,613 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$247
Property Type
House
Property Taxes
$87
HOA Dues
$150
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 months ago (HAR #97612686)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2026 | Listed by Martini & Co. Real Estate Advisors | $399,000 | |
| Listed by Martini & Co. Real Estate Advisors | |||
Property Highlights
Garage
Parking Details
Has Garage
Attached Garage
Parking Features: Attached
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: All Bedrooms Up, Walk-In Closet(s)
Appliances: Water Heater, Disposal, Gas Oven, Microwave, Gas Range, Dishwasher
Flooring Type: Tile, Engineered Wood
Laundry Features: Electric Dryer Hookup, Washer Hookup
Exterior Details
Square Footage: 1613
Property Condition: Under Construction
Architectural Style: Contemporary
Year Built Source: Builder
Year Built: 2027
Builder Name: LMR Development
Building Area Total: 1613
Window Features: Insulated/Low-E windows
Construction Materials: Spray Foam Insulation, Aluminum Siding, Cement Siding, Other, Stucco
Lot Features: Patio Lot, 0 Up To 1/4 Acre
Lot Size Area: 0.0365
Lot Size Units: Acres
Lot Size Acres: 0.0365
Lot Size Square Feet: 1589.94
Water Source: Public
Financial Details
Tax Annual Amount: $1,042
Utilities Details
Cooling Type: Attic Fan, Ceiling Fan(s), Electric
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA Fee: $150
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About North Houston
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Listed by: Ashton Martini, Martini & Co. Real Estate Advisors
Last Updated: 2 months ago
Data Source: HAR , MLS# 97612686
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Last Updated: 2 months ago
Data Source: HAR , MLS# 97612686
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