5611 Rainflower Terrace Lane
About This Property
The location truly sets this home apart. Nestled in The Landing at Hampton Creek, residents enjoy convenient access to the Grand Parkway and I-45, making commutes to The Woodlands, City Place, and the ExxonMobil campus a breeze. Shopping, dining, and everyday conveniences are nearby, including Creekside Park Village Green and H-E-B, along with popular outdoor destinations such as Rob Fleming Park, neighborhood trails, and recreational amenities. Zoned to Klein ISD, this home offers the perfect combination of space, convenience, and access to everything the Spring and The Woodlands areas have to offer.
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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 |
|---|---|---|---|
| Nov 2, 2026 | Relisted | $275,000 | |
| Relisted | |||
| Sep 24, 2026 | In contract | - | |
| In contract | |||
| Sep 13, 2026 | Price Decreased |
$250,000
↓ $15K
(5.7%) | |
| Price Decreased | |||
| Sep 6, 2026 | Price Decreased |
$265,000
↓ $15K
(5.4%) | |
| Price Decreased | |||
| Aug 21, 2026 | Price Decreased |
$280,000
↓ $20K
(6.7%) | |
| Price Decreased | |||
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About Harris
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017