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7202 Hobby Wind Ridge Drive
About This Property
Layout: The first floor includes an open gathering room, a dining area, and an island kitchen with granite countertops. The second floor features a large game room and flexible spaces.
Outdoor Space: Situated on an oversized 6,277 sq. ft. lot, the property includes a spacious backyard with an extended patio for entertaining.
Location Benefits: The property is conveniently located near Hobby Airport, with easy access to TX-35 and Beltway 8 for quick commutes to Pearland and the Baybrook area.
Schools: Served by DeAnda Elementary, Thomas Middle, and Sterling High School in the Houston Independent School District.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Feb 5, 2026 | Listed by Summit Realty & Associates LLC | $283,000 | |
| Listed by Summit Realty & Associates LLC | |||
| Feb 4, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jan 17, 2026 | Price Decreased |
$279,900
↓ $20K
(6.7%) | |
| Price Decreased | |||
| Dec 24, 2025 | Price Decreased |
$299,900
↓ $5K
(1.6%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017