7827 Open Point Drive
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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%.
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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 |
|---|---|---|---|
| Aug 8, 2025 | Sold | ||
| Sold | |||
| Jul 9, 2025 | In contract | - | |
| In contract | |||
| Jun 25, 2025 | Listed by Keller Williams Realty The Woodlands | $415,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
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PRIME LOCATION w/ Master planned amenities. An easy commute to the Energy Corridor, DOWNTOWN Houston, w/ lots of nearby shopping & dining. Residents enjoy grand amenities including a lazy river, lap pool, splash pad, water playground, clubhouse, event lawn, shaded pavilion, playgrounds, dog park, exercise stations, sport courts, & sand volleyball. Don't miss the opportunity to see this 2 Story home w/ 5 Beds (2 bedrooms down), 3 Baths, 2.5 car attached garage w/ grand 2 story entrance upon entry. OPEN CONCEPT living. Stunning QUARTZ Island kitchen has pendant lights, white Quartz counters, white cabinets, tile backsplash, & stainless-steel appliance package is nestled between the living & dining area. Primary retreat w/ dual sinks, garden tub, shower, & WIC. Follow the wrought iron staircase to an upstairs game room & 3 secondary bedrooms. Includes refrigerator, washer, & dryer. Covered back patio. ZONED to CYPRESS FAIRBANKS ISD. Don't wait, call today for a tour!
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| Aug 14, 2024 | Sold | ||
| Sold | |||
| Jun 26, 2024 | Listed by Chesmar Homes Houston West | $415,590 | |
| Listed by Chesmar Homes Houston West | |||
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About Harris
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Last Updated: 4 months ago
Data Source: HAR , MLS# 93175240
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