12318 Lanny Lane
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 |
|---|---|---|---|
| Apr 11, 2025 | Sold | ||
| Sold | |||
| Mar 25, 2025 | In contract | - | |
| In contract | |||
| Mar 6, 2025 | Price Decreased |
$422,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Feb 14, 2025 | Listed by NB Elite Realty | $447,000 | |
| Listed by NB Elite Realty | |||
| |||
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Nestled in the Ashford Forest Lake community, this exceptional lot offers a prime opportunity within Houston's prestigious Energy Corridor. Positioned on a quiet cul-de-sac, the expansive 27,100 sq. ft. property is perfect for building your dream home. Few communities in central Houston can match this serene, natural setting. Enjoy easy access to Terry Hershey Park, a West Houston treasure, with trails for walking, biking, jogging, and dog walking just minutes away. The location offers unmatched convenience, with proximity to major thoroughfares like I-10 and the Beltway, along with Memorial City Mall and top-tier medical facilities. Residents can take advantage of the neighborhood pier for fishing or water activities such as kayaking, paddle boating, and canoeing. Additional community perks include two swimming pools, tennis courts, and more—making this an ideal setting for your future home.
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| Dec 23, 2024 | Sold | ||
| Sold | |||
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About Westside
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$6,000 /mo
- 3 Beds
- 3 Baths
- 3,302 ft²
$1,699 /mo
- 2 Beds
- 2 Baths
- 1,284 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017