18472 Novarra Drive
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 |
|---|---|---|---|
| Jan 13, 2025 | Sold | ||
| Sold | |||
| Dec 4, 2024 | In contract | - | |
| In contract | |||
| Nov 10, 2024 | Listed by Texas Key Holders The Platinum Group | $65,000 | |
| Listed by Texas Key Holders The Platinum Group | |||
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This lot, located in the peaceful Spring Branch subdivision off FM2090 in Conroe, TX, offers a rare blend of nature and privacy. It backs up to a protected deer reserve, ensuring no back neighbors and creating a serene, wooded backdrop for your future home. With low property taxes and no restrictions on manufactured homes, it provides an affordable option for those seeking a flexible living setup. Enjoy the tranquility of country living with easy access to nearby amenities and the freedom to design the home that fits your lifestyle.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017