15315 Conroe Dr
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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 |
|---|---|---|---|
| Oct 4, 2021 | Sold | ||
| Sold | |||
| Aug 10, 2021 | Listed by JPAR - The Sears Group | $140,000 | |
| Listed by JPAR - The Sears Group | |||
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Owners are moving out of town due to job relocation. Didn't get their chance to build their dream home! Acreage lot is wooded but has a majority of it cleared for building. Community has a family of deer that you'll get to meet on walks, runs, or sitting on your back porch! Survey is already done so that is an expense you will not have to worry about. Close proximity to The Woodlands, new shops and restaurants down the street, doctors, and other amenities. HOA dues include garbage and street lighting. Property already has a water tap available and only costs $50! Low tax rate! Have your agent send you the link to view the video of the lot!
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| Feb 22, 2021 | Sold | ||
| Sold | |||
| Jan 28, 2020 | Listed by Rick Lamar Real Estate, LLC | $110,000 | |
| Listed by Rick Lamar Real Estate, LLC | |||
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Wooded acreage lot located in Montgomery Place. Country living with city amenities, this lot is close to Marcel Town Center and it's a straight shot to I-45. Convenient to Magnolia, Conroe, and The Woodlands.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017