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16764 Lonely Pines Drive
About This Property
The kitchen provides ample cabinetry and counter space, ideal for meal preparation and storage. Bedrooms are generously sized, with the primary suite offering added comfort and privacy. The large yard, with a covered back patio that over looks the water; provides plenty of space for outdoor enjoyment, entertaining, or future improvements. Conveniently situated with quick access to major roadways, shopping, dining, and local amenities, this home offers a desirable balance of peaceful living and accessibility. A great opportunity for homeowners or investors alike in the growing Conroe market.
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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 30, 2026 | Sold | ||
| Sold | |||
| Jan 23, 2026 | In contract | - | |
| In contract | |||
| Dec 22, 2025 | Listed by Call It Closed Int'l Realty | $219,000 | |
| Listed by Call It Closed Int'l Realty | |||
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017