7118 Heron Drive
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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%.
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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 |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| Apr 25, 2026 | In contract | - | |
| In contract | |||
| Mar 17, 2026 | Listed by eXp Realty LLC | $250,000 | |
| Listed by eXp Realty LLC | |||
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This single story home sits on an approximately 10,125 square foot lot in the established Bayou Oaks subdivision near Hobby Airport. The roof was replaced approximately two years ago. The home features tile flooring throughout and fresh interior paint. The backyard includes a covered patio and a large access gate that provides convenient entry to the yard. A detached structure in the backyard offers additional flexible space and presents an opportunity to finish as a craft room, workshop, studio, or efficiency style living area. The property also includes a water softener and filtration system that will convey with the home. No HOA!
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| Feb 28, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 8, 2025 | Listed by Mersaes Real Estate | $249,999 | |
| Listed by Mersaes Real Estate | |||
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Beautiful home in great location, roof is 2 years, paint in and out, new water filtered and softner. unfinished small room with bath can be rented out.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017