15202 Bart Lake Road
About This Property
Do not drive down the dirt road next to the sign, this is the neighbors property. This property line is on the right side of the power lines.
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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 |
|---|---|---|---|
| Nov 24, 2021 | Sold | ||
| Sold | |||
| Jul 26, 2021 | Listed by RE/MAX Integrity | $50,000 | |
| Listed by RE/MAX Integrity | |||
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Come grab a rare 2.4 acre property in the Conroe area that is perfect for building a home or placing a manufactured home. There is plenty of space for outbuildings as well. The access road to the main portion of the property has not been cleared. This is an Unrestricted lot with no PUD/MUD/HOA fee's.
Do not drive down the dirt road next to the sign, this is the neighbors property. This property line is on the right side of the power lines.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
About Montgomery
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Last Updated: 4 months ago
Data Source: HAR , MLS# 56521082
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