1422 Lamesa Drive
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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 20, 2024 | Sold | ||
| Sold | |||
| Feb 21, 2024 | In contract | - | |
| In contract | |||
| Feb 14, 2024 | Listed by Keller Williams Realty The Woodlands | $525,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
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Rarely do you find a 1-story home with a 3-car-across garage on 3/4 of an acre for this price point. New Roof was installed in 2022, all Windows were replaced in 2022, and a full TRANE HVAC system was installed in 2022. This well maintained home is WHEELCHAIR ACCESSIBLE through the front door. It contains a wheelchair accessible Bedroom and Full Bathroom as well! [See floor plan in photos.] It contains 4 Bedrooms & 3.5 Baths, and has an Office/Study with a closet that could make it a 5th Bedroom. This property features an additional 20 foot driveway w/ double gates allowing you to pull your RV, boat, or trailer into the backyard with ease. There is even a 50-amp plug on the newly constructed storage building to connect your RV! The storage building itself has a sub-panel w/ multiple electrical outlets. Property is zoned to the Woodlands schools in Conroe ISD. Approx 2.5 miles from I-45 for easy access all over Houston. Low Tax Rate of only 1.74% in Montgomery County! No flooding.
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| May 4, 2022 | Sold | ||
| Sold | |||
| Apr 1, 2022 | Listed by Keller Williams Woodlands | $435,000 | |
| Listed by Keller Williams Woodlands | |||
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Last Updated: 4 months ago
Data Source: HAR , MLS# 54164256
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017