159 Gypsum Road
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 |
|---|---|---|---|
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| Mar 20, 2025 | Listed by Prime Realty Group | $150,000 | |
| Listed by Prime Realty Group | |||
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Discover the perfect canvas for your dream home on this expansive 1.26-acre cleared lot, nestled in the peaceful community of Deer Forest in beautiful New Waverly. Situated on a cul-de-sac, this property offers privacy and tranquility while being just minutes from the stunning shores of Lake Conroe and the scenic trails of Sam Houston National Forest.
Enjoy the best of both worlds with a serene country setting and convenient access to modern amenities—just 15 minutes from your local grocery store. With endless possibilities for building and customization, this lot is ready for you to create the home you’ve always envisioned.
Don’t miss out on this incredible opportunity—come see it for yourself today!
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| Aug 29, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Jun 17, 2024 | Listed by JLA Realty | $85,000 | |
| Listed by JLA Realty | |||
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An amazing opportunity to own a picturesque 1.26 acres lot in the highly desirable acreage community of Deer Forest in beautiful New Waverly. This spacious parcel of land offers endless possibilities for building your dream home. Whether you envision a sprawling estate surrounded by lush greenery or a tranquil retreat with room for outdoor amenities, this lot provides the perfect canvas to bring your vision to life. Located in a serene neighborhood and minutes from Lake Conroe and Sam Houston National Forest, as well as 15 minutes from grocery stores and 20 minutes from all of the spectacular amenities of The Woodlands. LOW taxes and NO MUD tax. This property offers the ideal combination of privacy and convenience. Note: The minimum build size is only 2000 sq ft. and there is NO build commitment time frame! Don't miss out on this opportunity!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017