107 Penick Road
About This Property
-Generous lot size with room to build, expand, or customize
-Ideal for a custom home or future development (verify restrictions)
-Peaceful surroundings with a country feel, yet close to city amenities
-Located in a rapidly developing area with strong appreciation potential
-Plenty of space for outdoor living, pets, or recreational use
Whether you're looking to build now or hold for future value, this property presents a rare opportunity to own land in a desirable and expanding area of Waller County.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 1, 2026 | Sold | ||
| Sold | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| May 5, 2026 | Price Decreased |
$80,000
↓ $5K
(5.9%) | |
| Price Decreased | |||
| Apr 29, 2026 | Price Decreased |
$85,000
↓ $2K
(2.3%) | |
| Price Decreased | |||
| Apr 25, 2026 | Price Increased |
$87,000
↑ $2K
(2.4%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017