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12431 Green Ridge Drive
About This Property
This 3-bedroom, 2-bath home plus a private office features high ceilings throughout, creating a bright, open, and inviting atmosphere. The very efficient layout offers a spacious living and dining area overlooking the large backyard. The thoughtfully designed kitchen includes ample cabinetry, a large island, and seamlessly connects to the main living spaces. Enjoy luxurious bathrooms with high-end finishes, and a spacious primary suite featuring a modern, spa-like bathroom and a walk-in closet with custom cabinetry. Step outside to a large covered patio, ideal for relaxing or hosting gatherings. The community offers great amenities including a picnic area, two parks, a private boat launch, and access to swimming and fishing on Lake Conroe. Schedule your showing. Low tax rate and not located in a flood zone.
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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 |
|---|---|---|---|
| Aug 15, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 14, 2026 | Listed by The Larios Home Group | $344,000 | |
| Listed by The Larios Home Group | |||
| Apr 30, 2026 | Listed by The Larios Home Group | $350,000 | |
| Listed by The Larios Home Group | |||
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CUSTOM HOME near Lake Conroe! Enjoy space, freedom, and a peaceful setting in this beautifully crafted single-story home, located on an oversized lot with community lake access.
This 3-bedroom, 2-bath home plus a private office features high ceilings throughout, creating a bright, open, and inviting atmosphere. The very efficient layout offers a spacious living and dining area overlooking the large backyard. The thoughtfully designed kitchen includes ample cabinetry, a large island, and seamlessly connects to the main living spaces. Enjoy luxurious bathrooms with high-end finishes, and a spacious primary suite featuring a modern, spa-like bathroom and a walk-in closet with custom cabinetry. Step outside to a large covered patio, ideal for relaxing or hosting gatherings. The community offers great amenities including a picnic area, two parks, a private boat launch, and access to swimming and fishing on Lake Conroe. Schedule your showing. Low tax rate and not located in a flood zone.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017