15494 Conroe 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 |
|---|---|---|---|
| Nov 15, 2021 | Sold | ||
| Sold | |||
| Jul 8, 2021 | Listed by UnforgettableLakeConroe.com | $449,000 | |
| Listed by UnforgettableLakeConroe.com | |||
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Spacious ranch style brick home on over 2 unrestricted acres with a private drive. Spacious rooms. Kitchen has an abundance of storage and counter space. Large covered patio overlooking an inviting swimming pool. Detached garage offers space for two cars and a bonus room. Close to Marcel Town Center and minutes from other major retail, restaurants, and more. Straight shot to I-45 and convenient to Magnolia, Conroe, and The Woodlands. No HOA dues and low tax rate! Call today for your private showing.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017