8510 Sweet Melissa Drive
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 |
|---|---|---|---|
| Feb 3, 2025 | Sold | ||
| Sold | |||
| Dec 7, 2024 | In contract | - | |
| In contract | |||
| Oct 11, 2024 | No longer available | - | |
| No longer available | |||
| Oct 11, 2024 | Listed by Compass RE Texas, LLC - Memorial | $824,900 | |
| Listed by Compass RE Texas, LLC - Memorial | |||
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Welcome home to Sweet Melissa. A gorgeous 3 story, 5 BD home that also has a study, game/playroom and media room! Standouts also include a new roof (2023), interior paint in entire house (2023), Mohawk carpet (2023) in primary bedroom, stairs, 2nd and 3rd floors, 2023 LG refrigerator, LG 5 burner range, LG washer and dryer, fresh landscaping, and 2024 insulated garage doors for the 3-car garage. Relax, play and entertain in the very large backyard. Plenty of room to add a pool, sports court and much more! Seven Meadows is a beautiful community complete with a community pool, tennis courts, playgrounds and more. Zoned to excellent Katy ISD schools like Seven Lakes HS.
| |||
| Sep 11, 2024 | Price Decreased |
$849,000
↓ $31K
(3.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017