18123 Dorman Draw Lane
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 |
|---|---|---|---|
| Apr 7, 2025 | Sold | ||
| Sold | |||
| Mar 20, 2025 | In contract | - | |
| In contract | |||
| Feb 19, 2025 | Relisted | $430,000 | |
| Relisted | |||
| Feb 6, 2025 | In contract | - | |
| In contract | |||
| Dec 13, 2024 | Listed by Better Homes and Gardens Real Estate Gary Greene - Champions | $430,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Champions | |||
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Welcome to 18123 Dorman Draw Ln, where style meets functionality in the desirable Bridges on Lake Houston community. This 4-bedroom, 3.5-bathroom home is situated on a peaceful cul-de-sac and offers an inviting layout with high ceilings and natural light throughout. The first-floor primary suite boasts bay windows and a luxurious ensuite bath. Entertain with ease in the formal dining room or the open-concept kitchen featuring double ovens, a butler’s pantry, and a breakfast nook with charming bay windows. Upstairs, enjoy a loft-style game room and a private media room. Outside, a covered patio overlooks the backyard with a storage shed and garage built-ins for extra convenience. Community amenities include a pool and event center along Lake Houston's scenic shores. With a quick commute to The Woodlands, IAH, and Downtown, plus nearby golf and lake activities, this home delivers comfort, charm, and convenience.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017