7608 River Pass 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 13, 2024 | Sold | ||
| Sold | |||
| May 9, 2024 | In contract | - | |
| In contract | |||
| May 1, 2024 | Listed by Aimpro Realty & Management LLC | $390,000 | |
| Listed by Aimpro Realty & Management LLC | |||
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The Beautiful house, featuring 4 bedrooms and 2 bath house in the Avalon Terrace subdivision within the Pearland ISD. It is ready to move in and boasts amenities such as a kitchen island, formal dining room, and an extended outdoor covered patio.
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| Sep 22, 2021 | Sold | ||
| Sold | |||
| Aug 26, 2021 | Listed by Compass RE Texas, LLC | $329,000 | |
| Listed by Compass RE Texas, LLC | |||
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Great 4 bedroom, 2 bath home in desirable Avalon Terrace subdivision of Pearland. Entry with high ceilings is open to the formal dining room or study. Bright and spacious island kitchen with 42” cabinetry give you plenty of cabinet and drawer storage. Stainless appliances including a gas range. Kitchen is open to breakfast room and family room providing a perfect gathering area for family and friends. Extended outdoor covered patio provides for additional space and entertaining. Primary suite with walk-in closet, private en-suite bath with dual vanities, a garden tub and an oversized walk-in shower with bench seating. Three additional bedrooms complete this move-in ready home. Easy access to Hwy 288. Great schools in Pearland ISD!
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Last Updated: 5 months ago
Data Source: HAR , MLS# 14349456
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