10985 Blue Bell Drive
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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 |
|---|---|---|---|
| Nov 13, 2023 | Sold | ||
| Sold | |||
| Jul 1, 2023 | Listed by Real Broker, LLC | $1,185,000 | |
| Listed by Real Broker, LLC | |||
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Motivated Seller on this Lake Conroe waterfront property with 3 acres! Seller out of state move is forcing sale on this stunning estate featuring a 4 bed + media room 2.5 bath main home with a 1500 sq ft 3 bed 1 bath guest house that is fully finished with kitchen, laundry, new LVP flooring and new interior paint. New 30x50 4 bay shop with concrete floor in addition to the existing 24x27 shop with concrete floor, and power allows for a spot for all your toys and equipment. Beautiful gazebo area that looks out towards the lake and the double bay boathouse with lifts for your boats or watercraft. A portion of the acreage is fenced off for horses. HVAC, roofing, generator transfer switch and exterior paint are all recent updates. No MUD or HOA. It's so hard to find a property this spectacular on the water and one that can be used for a primary residence, vacation home, possible rental/vacation rental, dual living and more. Life is just better on Lake Conroe!
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| May 26, 2022 | Sold | ||
| Sold | |||
| Apr 26, 2022 | Listed by Compass Re Texas, LLC | $998,000 | |
| Listed by Compass Re Texas, LLC | |||
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Gorgeous waterfront property, in Blue Bell Estates, sitting on 3 acres with endless opportunities. Enjoy both the main home with 4 bedrooms, 2.5 baths and large media room and 1500sqft guesthouse right next door including 3 bedrooms and 1 bathroom. Main living features large kitchen with island and views of the canal, formal dining, spacious walk-in pantry, spacious utility and an abundance of storage. Includes 3 bedrooms down and 1 bedroom + media room up. Enjoy your wraparound porch to sit and watch the magnificent sunsets. Outdoors is where you will most likely spend the majority of time with views of Lake Conroe, 475 feet of bulkhead, 20x20 covered pavilion, private boat dock, boat/jet ski lifts and 24x27 garage/workshop with electricity. Close boat ride to great dining and entertainment. No MUD or HOA. If you have been looking for your own oasis, this is the place for you! Don't miss your chance on this rare opportunity. Come Live the Lifestyle!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017