7
Map
TBD Hwy 242
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 |
|---|---|---|---|
| Feb 17, 2026 | Relisted | $2,250,000 | |
| Relisted | |||
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| Jul 22, 2025 | Listed by St. John Premier Properties | $2,250,000 | |
| Listed by St. John Premier Properties | |||
| May 19, 2025 | Listed by Keller Williams Advantage Realty | $150,000 | |
| Listed by Keller Williams Advantage Realty | |||
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Five acres of lush land just East of I -45, off 242 in Conroe. Not in floodplain and near recent housing developments. Property does not have access. Call agent for more information.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017