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4402 Falcon Meadow Drive
About This Property
The kitchen provides ample cabinet storage, good counter space, and an easy connection to the dining area. Bedrooms are generously sized with suitable closet space, and the bathrooms are clean and well-maintained. The backyard offers plenty of room for outdoor enjoyment, gardening, or future personalization.
With its practical floor plan, established community setting, and proximity to local amenities, this home presents an excellent opportunity for buyers seeking comfort and value in the Katy area.
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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 |
|---|---|---|---|
| May 1, 2026 | Sold | ||
| Sold | |||
| Apr 2, 2026 | In contract | - | |
| In contract | |||
| Mar 14, 2026 | Relisted | $224,900 | |
| Relisted | |||
| Feb 17, 2026 | In contract | - | |
| In contract | |||
| Jan 11, 2026 | Listed by LPT Realty, LLC | $224,900 | |
| Listed by LPT Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017