22527 Millgate Drive
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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%.
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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 10, 2026 | Sold | ||
| Sold | |||
| Mar 22, 2026 | Relisted | $239,900 | |
| Relisted | |||
| Mar 6, 2026 | In contract | - | |
| In contract | |||
| Feb 26, 2026 | Listed by Coldwell Banker Realty - Lake Conroe/Willis | $239,900 | |
| Listed by Coldwell Banker Realty - Lake Conroe/Willis | |||
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Welcome to 22527 Millgate Drive a beautifully maintained and thoughtfully updated 3-bedroom, 2-bathroom home that blends comfort, style, and long-term value. Step inside to discover a light-filled, open-concept floor plan designed for both everyday living and effortless entertaining. The spacious living area flows seamlessly into the fully updated kitchen, which features granite countertops, tile backsplash, stainless steel appliances (installed in 2018), soft-close cabinetry, and durable wood-look flooring that adds warmth and sophistication throughout the main living spaces. The home’s functional layout offers comfortable bedrooms and well-appointed bathrooms, providing flexibility for families or guests. Enjoy peace of mind with major system upgrades already completed, including: New roof (2021), Full home re-piped with durable PEX plumbing (2018), Water heater replacement (2018), French drain system installation (2020) for improved drainage and foundation protection.
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| Apr 30, 2025 | Sold | ||
| Sold | |||
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About Greengate Place
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017