7403 Hanover Lane
About This Property
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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 |
|---|---|---|---|
| Jun 27, 2026 | Sold | ||
| Sold | |||
| Jun 4, 2026 | In contract | - | |
| In contract | |||
| Jan 22, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 22, 2026 | Listed by Natalie Tye, Broker | $599,990 | |
| Listed by Natalie Tye, Broker | |||
| Dec 1, 2025 | Listed by Natalie Tye, Broker | $619,990 | |
| Listed by Natalie Tye, Broker | |||
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Welcome to 7403 Hanover Ln, a beautifully crafted home nestled in a gated section of the highly sought after Cane Island community. Built recently with exceptional attention to detail, this home offers incredible curb appeal, a spacious pool-sized lot, and unmatched privacy with no back neighbors. Inside, you’ll find 4 bedrooms, 3.5 bathrooms, and a versatile game room. The thoughtfully designed layout includes a private fourth bedroom with its own ensuite bath and direct access to the game room—perfect for a mother-in-law suite or guest retreat. Enjoy vaulted ceilings, wood-look flooring in the main living areas, an open-concept layout, and stylish modern finishes throughout. Step outside to a large covered patio that overlooks a generous backyard, your personal canvas for creating the ultimate outdoor oasis. The garage is 3 car wide, and a door can be added on the 3rd bay for additional entry. Don’t miss your chance to own this exceptional home in one of Katy’s premier communities!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017