1830 Road 66116
About This Property
This spacious lot is your blank canvas, offering endless opportunities to design the home you've always imagined. Nestled in a deed-restricted community, you'll enjoy peace of mind with 24/7 manned security and access to convenient utilities-electricity, water, and phone are ready to connect. Choose your preferred builder and take advantage of the prime location-just 45 minutes from downtown Houston! With no MUD or city taxes and a low overall tax rate, this property is not only a smart investment but a serene escape from the city hustle. Nature lovers will appreciate the nearly 4 acres of scenic nature park trails, complete with gazebos, picnic tables, benches, and in-ground BBQ grills-perfect for weekend relaxation or entertaining guests. Don't miss your chance to own a piece of tranquility with all the perks of modern living!
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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 |
|---|---|---|---|
| Oct 27, 2025 | Sold | ||
| Sold | |||
| Oct 22, 2025 | In contract | - | |
| In contract | |||
| Aug 11, 2025 | Price Decreased |
$67,000
↓ $3K
(4.3%) | |
| Price Decreased | |||
| Jun 30, 2025 | Listed by Keller Williams Realty Northeast | $70,000 | |
| Listed by Keller Williams Realty Northeast | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017