Lot 2 Rolling Hills
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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 |
|---|---|---|---|
| Jun 1, 2022 | Sold | ||
| Sold | |||
| May 4, 2022 | Listed by Top Guns Realty on Lake Conroe | $194,740 | |
| Listed by Top Guns Realty on Lake Conroe | |||
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Beautifully wooded UNRESTRICTED 2.6 acre lot. Adjacent 2.6 acre lot (Lot #3) is also available. Can be sold separately or together. Owners have cleared the front part and left beautiful scattered hardwoods. Back is wooded. If you are tired of neighbors 5' away and looking for a country environment close to town, this is it. Cut-N-Shoot water available. Septic required. NO MUD. Low tax rate. Gorgeous acreage close to everything to build your forever home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017