11579 Newton Circle
About This Property
Located in a peaceful neighborhood, this property offers a prime investment prospect. With three bedrooms and two bathrooms, it presents the perfect canvas for your vision.
Situated on a spacious lot with over two acres, this property is just waiting for your creative touch. Bring your renovation skills and transform this diamond in the rough into a lucrative investment.
Conroe is a thriving city known for its strong rental market and investor-friendly environment. Take advantage of this opportunity to add value to your portfolio or renovate it to reach its full value.
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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 31, 2024 | Sold | ||
| Sold | |||
| Feb 7, 2024 | Price Decreased |
$335,000
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Jan 18, 2024 | Price Increased |
$340,000
↑ $10K
(3%) | |
| Price Increased | |||
| Jan 17, 2024 | No longer available | - | |
| No longer available | |||
| Jan 16, 2024 | Listed by LPT Realty, LLC | $330,000 | |
| Listed by LPT Realty, LLC | |||
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*Listed UNDER 4/24 appraised value*This adorable cottage-like home on 2.2 UNRESTRICTED acres has had SIGNIFICANT renovations! The floorplan has been opened up and a more favorable layout has been created, w/ additional enclosed square footage. New kitchen w/ oversized walk-in pantry, beautiful new cabinetry w/ quartz counters, tile backsplash, oversized walk-in pantry, new fixtures throughout, stainless appliances. Both bathrooms have been upgraded with tile surround showers, new vanities w/ quartz counters, lighting, & new vinyl flooring. Additional features include new windows (excluding side lights on the front door), a large laundry room, new paint throughout, septic has been serviced, new AC, & exterior paint. The two storage sheds stay w/ the property, larger is 320 sq ft & smaller is 72 sq ft. The well has a new pump & is located in a 144 sq ft well house. This property has plenty of room for a shop, house your RV, boat, or other off-road toys.
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Property Highlights
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About Newton Acres
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Last Updated: 5 months ago
Data Source: HAR , MLS# 7001233
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