8527 Ridgepoint 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.
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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 |
|---|---|---|---|
| Dec 1, 2025 | Sold | ||
| Sold | |||
| Nov 5, 2025 | In contract | - | |
| In contract | |||
| Oct 16, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 14, 2025 | Listed by Wanda Taylor Properties | $479,000 | |
| Listed by Wanda Taylor Properties | |||
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Welcome to 8527 Ridgepoint Drive! OVERSIZED LOT! Covered parking in back perfect for extra vehicles, RV, or boat! This spacious home includes a 20 x 16 workshop, 10 x 10 shed, 25 x 25 RV pad, 15 x 12 pergola, with more than enough room for a pool or playground! Inside the home, you will find 4/5 bedrooms, a home office that could be used as a 5th bedroom, a formal living room, and a HUGE family room that's open to the dining room/kitchen. The spacious kitchen has a breakfast bar for casual meals, plenty of countertop space & cabinets, under-cabinet lighting, a kitchen island, and stainless steel appliances. Plumbing was upgraded in 2020 to CPVC. The charm, lot size, and floor plan make this an incredible opportunity!
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| Oct 7, 2025 | Price Decreased |
$479,000
↓ $20K
(4%) | |
| Price Decreased | |||
Property Highlights
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Price/ft²
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About Northwest Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017