507 Carson Ridge Drive
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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 |
|---|---|---|---|
| Oct 23, 2025 | Sold | ||
| Sold | |||
| Sep 30, 2025 | In contract | - | |
| In contract | |||
| Sep 22, 2025 | Listed by Keller Williams Realty The Woodlands | $365,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
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This beautifully maintained home in the centrally located community of Rayford Ridge in Spring, TX, offers both charm and convenience. The striking arched entryway with an elegant arched window floods the foyer with natural light, while the decorative glass front door sets the tone for the impressive interior. High ceilings and LVP flooring flow throughout the home, enhancing its open and airy feel. The kitchen provides abundant cabinet and counter space and opens to the cozy family room, perfect for gatherings. A formal dining room, living room, and powder bath complete the main level. Upstairs you’ll find all bedrooms along with a convenient utility room. The upstairs game room is highlighted by bay windows that bring in light and create a versatile space for play, work, or relaxation. With no carpet, the home is designed for easy maintenance and comfort. Just minutes from Bush Intercontinental Airport, The Woodlands, shopping and dining. Schedule your showing today!
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| Feb 2, 2024 | Sold | ||
| Sold | |||
| Jan 17, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017