1511 Las Cuevas 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 |
|---|---|---|---|
| Sep 21, 2026 | Price Decreased |
$249,000
↓ $6K
(2.4%) | |
| Price Decreased | |||
| Aug 21, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 21, 2026 | Listed by Top Guns Realty on Lake Conroe | $255,000 | |
| Listed by Top Guns Realty on Lake Conroe | |||
| Aug 4, 2026 | Listed by Top Guns Realty on Lake Conroe | $260,000 | |
| Listed by Top Guns Realty on Lake Conroe | |||
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Move-in ready with UPGRADES BEYOND THE BUILDER STANDARD, this home offers a functional layout, generous room sizes, and thoughtful improvements throughout. The open-concept living, dining, and kitchen areas flow seamlessly together, creating a spacious setting for everyday living and entertaining. CUSTOM SURROUND SOUND WIRING in the living room is ready for your home theater setup. Upstairs, the oversized primary suite features TWO WALK-IN CLOSETS and a spacious ensuite bath, while the secondary bedrooms provide ample space and storage. Additional upgrades include WHOLE-HOUSE GUTTERS, an INSULATED GARAGE DOOR, a SMART THERMOSTAT, and CUSTOM BUILT-IN SHELVING throughout. Conveniently located in Conroe and PRICED TO MOVE, this home offers the space, upgrades, and value buyers have been waiting for.
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| Jul 6, 2026 | Price Increased |
$270,000
↑ $1K
(0.4%) | |
| Price Increased | |||
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About Conroe
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017