2402 Ormes Forest Lane
About This Property
This beautiful home in the North Spring community has 3 bedrooms, 2 full baths, and a versatile open floor plan designed for comfortable living.
Inside, the spacious family room flows into the dining area and kitchen, creating a warm and inviting atmosphere. The kitchen features plenty of cabinet storage and a breakfast bar. The primary suite includes a private bath and walk-in closet, while the secondary bedrooms provide flexibility for family, guests, or a home office.
Enjoy the outdoors in a large fenced backyard with room to relax, garden, or entertain. Additional features include a two-car garage, updated flooring, and fresh paint in select areas.
Located near Hardy Toll Rd, I-45, and Hwy 99, this property offers easy access to shopping, dining, schools, and major employers. Contact us for a private showing.
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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 |
|---|---|---|---|
| Mar 16, 2026 | Sold | ||
| Sold | |||
| Jan 27, 2026 | In contract | - | |
| In contract | |||
| Jan 6, 2026 | Price Decreased |
$213,500
↓ $10K
(4.5%) | |
| Price Decreased | |||
| Dec 9, 2025 | Price Decreased |
$223,500
↓ $12K
(4.9%) | |
| Price Decreased | |||
| Nov 5, 2025 | Price Decreased |
$235,000
↓ $12K
(4.7%) | |
| Price Decreased | |||
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About Spring
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Last Updated: 8 months ago
Data Source: HAR , MLS# 68984650
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017