18288 Acre Lane
About This Property
Home features a desirable split-bedroom floor plan with tall ceilings, crown molding, and recessed lighting throughout. Interior has been freshly painted, including trim and doors, and new carpet has been installed. Spacious living area showcases large windows for natural light and a brick wood-burning fireplace. The kitchen offers a walk-in pantry, double ovens, and an electric cooktop, providing great functionality for everyday living and entertaining.
Property offers a circular driveway and is located on a one-way in, one-way out street, providing added privacy and minimal through traffic. A chain-link fenced backyard is ideal for children and pets, along with perimeter barbed wire fencing. Custom closet systems are installed in each bedroom for added storage and organization.
Additional features include a mosquito misting system and generator, both conveying with the property. Conveniently located just 10 minutes from Kings Creek Country Club, 13 minutes to Spring Market by Brookshire's, and a short drive to Cedar Creek Lake, known for fishing and watersports.
A unique opportunity to enjoy privacy, acreage, and flexible living spaces just outside the city.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 13, 2026 | Sold | ||
| Sold | |||
| Apr 16, 2026 | In contract | - | |
| In contract | |||
| Jan 19, 2026 | Listed by Ebby Halliday Realtors | $525,000 | |
| Listed by Ebby Halliday Realtors | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017