16015 Firetower 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 |
|---|---|---|---|
| Oct 8, 2025 | Sold | ||
| Sold | |||
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| Aug 4, 2025 | Listed by 5th Stream Realty | $525,000 | |
| Listed by 5th Stream Realty | |||
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Residential/Commercial 4.8-acre cleared tract located one lot off of SH 242, between Hwy 59 and Hwy 45.
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| May 20, 2021 | Sold | ||
| Sold | |||
| Jan 11, 2021 | Listed by St. John Premier Properties | $485,000 | |
| Listed by St. John Premier Properties | |||
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Beautiful unrestricted 4.8 Acres, partially cleared, access to city water and electricity. Immediate access to SH 242, private location with easy access to The Woodlands, Conroe, Houston, IAH.
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About Montgomery
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,300 /mo
- 4 Beds
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$1,850 /mo
- 3 Beds
- 2 Baths
- 1,489 ft²
Last Updated: 4 months ago
Data Source: HAR , MLS# 5865028
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