4622 Shadow Grass Drive
About This Property
Meticulously maintained and move-in ready. Coffered triple tray ceilings in main living areas, double crown molding, 8' doors throughout. Granite in kitchen and all baths, custom cabinetry, tile flooring, direct-vent fireplace. Gas cooktop with pot filler, walk-in pantry, indoor utility room. Study with built-ins, versatile
Game room with wet bar and half bath upstairs; all bedrooms down. EXPANSIVE covered patio overlooking a GORGEOUS back yard. Professional landscaping features, High-Efficiency 15 SEER A/C with 3 zones. WHOLE home water system.
No mud district. Low tax rate. Katy ISD. Minutes from top-rated Katy schools, shopping, dining, and major commuter routes. Low 1.8 tax rate.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 17, 2026 | Relisted | $649,900 | |
| Relisted | |||
| Oct 15, 2026 | In contract | - | |
| In contract | |||
| Sep 26, 2026 | Price Decreased |
$649,900
↓ $42K
(6.1%) | |
| Price Decreased | |||
| Sep 15, 2026 | Price Decreased |
$692,010
↓ $7K
(1%) | |
| Price Decreased | |||
| Jun 27, 2026 | Listed by Keller Williams Realty Southwest | $699,000 | |
| Listed by Keller Williams Realty Southwest | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017