1229 Pine Forest Drive
About This Property
breakfast area and living room. The primary en-suite has 2 sinks and a large walk in closet. A separate hall leads to two other bedrooms, a full bath and a laundry room. No representation is made to information provided including taxes, square footage, schools, features, etc. Buyer must verify all information.
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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 |
|---|---|---|---|
| Sep 1, 2026 | Sold | ||
| Sold | |||
| Jul 16, 2026 | In contract | - | |
| In contract | |||
| May 26, 2026 | Listed by Texas Property Shop | $256,000 | |
| Listed by Texas Property Shop | |||
| Oct 20, 2022 | Sold | ||
| Sold | |||
| Jun 30, 2022 | Listed by RE/MAX Four Corners | $320,000 | |
| Listed by RE/MAX Four Corners | |||
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This home is perfect as it has been well maintained and boasts a new roof, new paint throughout, and a new Trane AC unit. The quaint drive up showcases the flowers and a mature shade tree. There's a covered porch for rocking chairs and morning coffee. Inside, the first room could be used for dining, a sitting area, or an office. Kitchen is open to the breakfast area and living room. It has a large island with a new faucet and dishwasher. Tons of cabinet and counter space for the chef. The living room is light and bright and has views of the vegetable and flower garden. There's a new 8x10 shed in the back for storage. The primary en-suite has 2 sinks and a large walk in closet. A separate hall leads to two other bedrooms, a full bath and a laundry room. The crème de la crème of this home is the Solar Panels. They are completely paid for and fully convey with the property. You will love the energy savings with electric bills averaging only $23.00 per month!
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Last Updated: 3 months ago
Data Source: NTREIS MLS, MLS# 21281622
Details provided by NTREIS and may not match the public record
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