50
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12538 Greensbrook Forest Drive
About This Property
The second floor is a dedicated entertainment hub, housing both a game room and a private media theater. A standout feature of this property is its location in Section 5, which has operated without HOA bylaws or governing oversight for a decade-offering a rare level of residential freedom. Only five minutes from recreation at Lake Houston and Deussen Park, this property balances massive interior volume with a prime location near shopping and outdoor adventure.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 1, 2026 | Price Decreased |
$279,900
↓ $8K
(2.6%) | |
| Price Decreased | |||
| Jun 13, 2026 | Price Decreased |
$287,500
↓ $3K
(0.9%) | |
| Price Decreased | |||
| May 19, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| May 19, 2026 | Listed by Keller Williams Signature | $289,999 | |
| Listed by Keller Williams Signature | |||
| May 12, 2026 | Price Decreased |
$289,999
↓ $5K
(1.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017