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5646 Indigo Street
About This Property
Thoughtfully reimagined from top to bottom, this one-story 4-bedroom, 2.5-bath Meyerland home pairs designer finishes with major-system peace of mind: new roof, PEX water lines throughout, updated flooring, and designer lighting. The open-concept floor plan is anchored by a beautifully appointed kitchen with premium countertops, custom finishes, and generous workspace. The primary suite delivers a true spa experience - oversized glass-enclosed wet room with freestanding soaking tub, rainfall shower, champagne bronze fixtures, and custom tilework - with an equally elevated renovated secondary bath. A dramatic double sliding glass door opens to a private backyard retreat with a sparkling pool. Zoned to Bellaire High School and minutes to the Texas Medical Center, Galleria, and Downtown.
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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 |
|---|---|---|---|
| Aug 22, 2026 | Price Decreased |
$575,000
↓ $25K
(4.2%) | |
| Price Decreased | |||
| Jul 23, 2026 | Listed by LPT Realty, LLC | $600,000 | |
| Listed by LPT Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017