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9309 Carousel Lane
About This Property
Surrounded by a mix of traditional homes and newer construction, the area continues to see redevelopment and custom builds. Conveniently located near I-10, and major thoroughfares, the property provides easy access to shopping, dining, and popular destinations such as CityCentre and the Energy Corridor. Situated within the Spring Branch area and served by Spring Branch ISD, this lot combines neighborhood charm with close proximity to many of Houston's key amenities.
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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 |
|---|---|---|---|
| Mar 12, 2026 | Listed by Nextgen Real Estate Properties | $575,000 | |
| Listed by Nextgen Real Estate Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017