7915 Driftwood Bay Drive
About This Property
The lifestyle is the real draw, with a resort-style pool, splash pad, clubhouse, tennis courts, basketball court, picnic areas, and dog park. And with Bridgeland and the growing Town Center area nearby, you get access to one of Cypress's most sought-after pockets without the same price point. Close to the neighborhoods, shopping, dining, and conveniences everyone is looking for, this home offers comfort, location, and value in one very compelling package.
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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 |
|---|---|---|---|
| Sep 15, 2026 | Sold | ||
| Sold | |||
| Jun 18, 2026 | In contract | - | |
| In contract | |||
| May 27, 2026 | Listed by Maven Real Estate Group | $356,000 | |
| Listed by Maven Real Estate Group | |||
| Oct 30, 2024 | Sold | ||
| Sold | |||
| Sep 5, 2024 | Listed by K. Hovnanian Homes | $419,702 | |
| Listed by K. Hovnanian Homes | |||
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Come home to Marvida, a master planned community with plenty of amenities. The Tacoma is a Beautiful 1 story floorplan with 3 bedrooms, 2.5 bath, 4 sides brick, huge covered back patio and 3 car Tandem Garage. Create memories in the Farmhouse Look kitchen equipped with quartz countertops, tile backsplash, stainless steel appliances and 42" upper cabinets. Residents of Marvida enjoy resort style amenities including a Lazy River, Pool, Clubhouse, Tennis Court, Volleyball Court, Basketball Court, workout facility, Dog Park and more! The community is situated near the Grand Parkway and Highway 290; commuters enjoy the ease of access to the Energy Corridor, Houston Premium Outlets, Katy Mills Outlet and Downtown Houston. Zoned to the top-rated Cypress-Fairbanks ISD. Offered by: K. Hovnanian of Houston II, L.L.C.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017