15844 Forest Drive
About This Property
New Construction by Quality Custom Homes! Single Story 3 bedroom 2 bathroom charmer! Large open-concept living area with lots of natural light and high vaulted ceilings which provide a wonderful sense of space. Eye catching wood look tile floors, with high quality fixtures. The kitchen boasts a fresh modern look with gorgeous granite countertops, an island, beautiful wood cabinets, large pantry for storage and stainless steel appliances. The primary bath has a very nice shower with a calming spa feel, and just wait till you see the backyard with a back patio for your enjoyment. Enjoy the outdoors and only minutes away from Sam Houston National Forest and Scotts Ridge boat ramp, Stubblefield Lake Recreation Area, Lone Star Hiking Trail, Northwest Trailhead and Big Creek Scenic Area Trail Head. This could be a primary home or a Getaway home to unplug and relax in nature. Don't Forget about the beautiful Lake Mount Pleasant!
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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 1, 2026 | No longer available | - | |
| No longer available | |||
| Feb 15, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Feb 11, 2025 | Listed by Premier Agent Network Tx, LLC | $215,000 | |
| Listed by Premier Agent Network Tx, LLC | |||
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This is it! Look no further. 3 bedroom 2 bath beauty on a huge lot! Newer construction. Highly sought after Montgomery School District. This home boasts high vaulted ceilings with a modern kitchen. Master bedroom with a bonus space currently used as an office. Home has a beautiful huge backyard with a covered patio for entertaining or just relaxing! Double space for parking in front. A 2 minute walk to the subdivision pool! Close to shopping , restaurants, and entertainment. Located in a USDA qualified area.
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| Mar 24, 2023 | Sold | ||
| Sold | |||
| Jan 14, 2023 | Listed by Keller Williams Advtge Realty | $199,900 | |
| Listed by Keller Williams Advtge Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017