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2499 Centerline Road
About This Property
This charming single-story brick home features 3 bedrooms, 1.5 bath, and a spacious layout with endless potential. (Bonus room attached to garage could be used as a 4th bedroom or office). Bring your horses, build a barn or metal building, or simply enjoy the open space and mature trees. With no HOA, no MUD taxes, and light deed restrictions, you'll have the freedom to make it your own. A rare acreage opportunity within The Woodlands great schools and city convenience nearby to build your dream home or remodel and renovate the existing home!
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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 |
|---|---|---|---|
| Jul 1, 2025 | Sold | ||
| Sold | |||
| Jun 16, 2025 | In contract | - | |
| In contract | |||
| Jun 11, 2025 | Listed by CB&A, Realtors | $1,100,000 | |
| Listed by CB&A, Realtors | |||
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About The Woodlands
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017