11241 Shetland Lane
About This Property
Property located in flood plain
Great opportunity for land close to The Woodlands, Conroe, IAH & Kingwood!
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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 |
|---|---|---|---|
| Jul 12, 2023 | Sold | ||
| Sold | |||
| Feb 21, 2023 | Listed by RE/MAX Associates Northeast | $99,000 | |
| Listed by RE/MAX Associates Northeast | |||
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Seller does not have a survey. This sale is for 13 lots totalling approx. 4.4 acres.
Property located in flood plain
Great opportunity for land close to The Woodlands, Conroe, IAH & Kingwood!
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| Sep 2, 2017 | Listed | $149,900 | |
| Listed | |||
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THIS PROPERTY HAS LOTS OF POTENTIAL, COULD BE 3 TO 4 BEDROOMS WHEN COMPLETE. MAKE IT YOUR OWN. 2 STORY HOME LOCATED IN MAGNOLIA BEND ON 4.13 ACRES WITH WORKSHOP, STORAGE SHED, 2 OUTBUILDINGS, DETACHED GARAGE, WATERFRONT.HOME NEEDS TO BE COMPLETED. BEAUTIFUL PARK LIKE ACREAGE. MUST SEE! PLENTY OF SPACE TO BUILD SEVERAL HOMES. BUYER TO VERIFY DIMENSIONS. The manager has listed the unit size as 2570 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017