103 Trace Court
About This Property
42" stone gas/wood burning fireplace opens to the gourmet chef's kitchen boasting granite counters, gas cooktop, wine fridge & breakfast bar. The oversized Master Suite is complete with dual vanities, walk-in shower, soaking tub & dual walk-in closets. A formal dining room, flex space & spacious secondaries fill the rest of the home. Amazing covered patio where you can easily relax or entertain friends and family. Surrounded by mature trees, this home offers tons of privacy and serene views! New carpet & fresh paint! Only minutes from schools, shopping and Conroe Lake! Zoned for highly acclaimed Conroe ISD!
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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 |
|---|---|---|---|
| Apr 20, 2023 | Sold | ||
| Sold | |||
| Oct 10, 2022 | Listed by RE/MAX Universal Northwest | $595,000 | |
| Listed by RE/MAX Universal Northwest | |||
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About Ridgelake Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017