4533 Merrie Lane
About This Property
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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 8, 2025 | Sold | ||
| Sold | |||
| Jul 28, 2025 | In contract | - | |
| In contract | |||
| Jul 12, 2025 | Listed by Keller Williams Memorial | $590,000 | |
| Listed by Keller Williams Memorial | |||
| Mar 17, 2025 | Listed | $649,500 | |
| Listed | |||
| | |||
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Large lot ready for your new construction! Buyers can bring their OWN builder, or the seller can provide design plans for an additional cost. Amazing street and best location inside the loop. cleared (8775) sq ft lot per HCAD in the city of Bellaire and zoned to all the excellent Bellaire Schools. Just minutes from the Galleria, Rice university and Texas Medical Center. A few blocks from Evelyn's Park, and all the shopping. Buyer to get a new survey. This lot is waiting for you to build your dream home!
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| Jan 1, 2025 | No longer available | - | |
| No longer available | |||
Property Highlights
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About Southwest Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017