12482 Nicholson Road
About This Property
A fourth bedroom (no window) is right off the 2-car-attached garage. It currently serves as a shop. Muck-room shower so dad doesn't track grease through the house.
Outside features 4 pastures on the 1.61 acre lot and coyote-proof fencing: protection for sheep, fowl or other pets. There are also 3 young orange, 1 young lemon and 2 mature pecans trees. There's also a 40'x40' covered garden/atrium with a pond and aquaponic bog filter, to protect your animals or tomatoes from aerial predators. Please see Realtor Remarks for Showing Instructions.
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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 16, 2022 | Sold | ||
| Sold | |||
| Jul 29, 2022 | Listed by Flat Fee Discount Realty | $350,000 | |
| Listed by Flat Fee Discount Realty | |||
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Come see this beautiful, hobby-farmer's paradise: 1.5 story, 3+1 bedroom home with 2-1/2 bathrooms less than 15 minutes to the heart of Conroe or Willis. High gloss tile greets you in the foyer, kitchen and breakfast room. A bow-window provides a scenic view as you eat. Walk-in closets in every bedroom. Two spacious den/living rooms. One pet-friendly and easily closed off from the rest of the home. A third, children's game room upstairs.
A fourth bedroom (no window) is right off the 2-car-attached garage. It currently serves as a shop. Muck-room shower so dad doesn't track grease through the house.
Outside features 4 pastures on the 1.61 acre lot and coyote-proof fencing: protection for sheep, fowl or other pets. There are also 3 young orange, 1 young lemon and 2 mature pecans trees. There's also a 40'x40' covered garden/atrium with a pond and aquaponic bog filter, to protect your animals or tomatoes from aerial predators. Please see Realtor Remarks for Showing Instructions.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017