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4714 Thunderbird Road
About This Property
The property includes a working well-an increasingly rare feature in the Houston area-adding value and self-sufficiency. Surrounded by mature trees and multi-million dollar homes, the oversized lot offers a prime opportunity for a custom estate, with plenty of space for outdoor living, a pool, or future expansion.
This quiet, family-friendly neighborhood is known for large lots, a strong sense of community, and no mandatory HOA. Conveniently located with easy access to Highway 290, Beltway 8, and I-10, and just 15–20 minutes from Memorial City, the Energy Corridor, and the Galleria, with nearby shopping, dining, and top-rated schools.
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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 |
|---|---|---|---|
| Jul 13, 2026 | Sold | ||
| Sold | |||
| Jun 16, 2026 | In contract | - | |
| In contract | |||
| Jun 15, 2026 | Relisted | $635,000 | |
| Relisted | |||
| Jun 5, 2026 | In contract | - | |
| In contract | |||
| May 28, 2026 | Listed by Keller Williams Memorial | $635,000 | |
| Listed by Keller Williams Memorial | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017