50
Map
12848 Point Drive
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 |
|---|---|---|---|
| Mar 19, 2025 | Sold | ||
| Sold | |||
| Feb 25, 2025 | In contract | - | |
| In contract | |||
| Feb 3, 2025 | Listed by Elite Texas Properties | $599,900 | |
| Listed by Elite Texas Properties | |||
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Welcome to 12848 Point, a stunning property with absolutely breathtaking views of Lake Conroe. This spacious home features 2 bdrms, 3 baths, & a 3-car garage, as well as a separate guest home, with new stairs and decking, 1 bdrm, 1 bath, family room, & kitchenette. Both homes can be rented for short or long-term leases, offering great potential for additional income. Both homes have plenty of built-in cabinets, spacious closets, & ample windows to enjoy the scenic views. Boat dock includes a lift & can easily be expanded. 3-car garage has workbenches & cabinets, as well as extra space for a golf cart or wave runners. With plenty of parking for your family & friends, this spectacular home is situated right on the open waters of highly sought-after Lake Conroe. Conveniently located just minutes from I45, this is a must-see property. Offered at $599,900, but professionally appraised for $665,000. Don’t miss your chance to own this piece of paradise.
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| Jan 16, 2025 | No longer available | - | |
| No longer available | |||
| Jan 6, 2025 | Price Decreased |
$610,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017