12 Somerton Drive
About This Property
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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 |
|---|---|---|---|
| Mar 7, 2022 | Sold | ||
| Sold | |||
| Feb 18, 2022 | Listed by BHGRE Gary Greene | $450,000 | |
| Listed by BHGRE Gary Greene | |||
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Custom single story home nestled in the gated community of Bentwater Country Club and Yacht Club on Lake Conroe. This home showcases double door entry, custom cabinetry, spacious home office, oversized laundry room, two living areas, granite countertops, extensive crown molding, travertine flooring and an expansive lot. Enjoy the kitchen opening up to the breakfast room and living room integrating for the perfect living and entertaining space. Relax in the 20x19 primary retreat with a private sitting area. Generous his and her closets with built-ins, an oversized garage with a work bench and storage cabinets. Security is a priority in Bentwater with amenities including a 24 hour manned gate, 3 award winning golf courses, tennis courts, pickle ball court, fitness center, country club, restaurants, yacht club, two pools, boat slips & acclaimed Montgomery ISD schools. Lake living at its finest, call for a showing today
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017