12616 W Grove W
About This Property
IMPROVEMENTS INCLUDE A WATER WELL, SMALL DRIVEWAY WITH DRIVEWAY GATE, AND SOME CLEARING AT A GREAT HOMESITE LOCATION! OTHER FANTASTIC QUALITIES IS THE CUL DE SAC LOCATION ON A COUNTY PAVED ROAD, LOW TAX RATE, NO MUD DISTRICT, NO HOA DUES, ELECTRIC AVAILABLE AT THE FRONT OF THE ROAD, LIGHT RESTRICTIONS, AND WILLIS ISD! THIS PROPERTY IS LOCATED IN THE VERY QUIET CHINA GROVE VILLAGE, A BEAUTIFUL ACREAGE COMMUNITY ON THE EAST SIDE OF I-45 BETWEEN CONROE AND WILLIS. THIS WOODED LOT IS RECTANGULAR SHAPED, HIGH AND DRY WITH NO FLOODPLAIN, AND LOCATED AT THE END OF A CUL DE SAC FOR ADDITIONAL PEACE AND TRANQUILITY.
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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 16, 2024 | Sold | ||
| Sold | |||
| Jul 7, 2024 | In contract | - | |
| In contract | |||
| May 22, 2024 | Price Decreased |
$219,000
↓ $21K
(8.7%) | |
| Price Decreased | |||
| Mar 30, 2024 | Price Increased |
$239,900
↑ $21K
(9.5%) | |
| Price Increased | |||
| Jan 22, 2024 | Listed by Green & Associates Real Estate | $219,000 | |
| Listed by Green & Associates Real Estate | |||
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About China Grove Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017