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5602 Rivergate Drive
About This Property
This spacious 4-bedroom home offers more room than most properties in the area, making it an exceptional value for buyers who prioritize space and functionality. One of the standout features is two primary bedrooms, each with their own en suite bathroom. Whether you're accommodating multi-generational living, long-term guests, roommates, or simply want a flexible layout, this dual-primary setup is rare at this price point. Located less than 10 minutes from IAH, commuting and travel couldn't be more convenient. You'll enjoy quick access to major shopping, dining, and everyday essentials, all while coming home to a property that delivers space and value.
If you've been searching for a true 4-bedroom home with two primary suites, this one deserves a look!
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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 |
|---|---|---|---|
| Sep 17, 2026 | Relisted | $233,000 | |
| Relisted | |||
| Sep 12, 2026 | Delisted | - | |
| Delisted | |||
| Apr 30, 2026 | In contract | - | |
| In contract | |||
| Apr 9, 2026 | Price Decreased |
$233,000
↓ $3K
(1.3%) | |
| Price Decreased | |||
| Mar 17, 2026 | Price Decreased |
$236,000
↓ $3K
(1.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017