2547 Forge Creek Road
About This Property
Large open kitchen has stainless double door refrigerator and stove. W/D included in sale. This home puts you 15 minutes to The Woodlands, TX and 24 minutes to the Theater and Museum District in Downtown Houston. Less than 30 minutes to Minute Maid Park, Discovery Green and NRG. Close in proximity to I-45, Tomball Parkway 249, Beltway 8, Willowbrook Mall and many other reasons to make Heritage Village your 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%.
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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 |
|---|---|---|---|
| Nov 18, 2020 | Sold | ||
| Sold | |||
| Aug 24, 2020 | Listed by The Watkins Group | $220,000 | |
| Listed by The Watkins Group | |||
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New listing in Heritage Village. This home is 2,866 sf with a 5,780 sf yard. Making it the largest offering in Heritage Village. Built in 2003 it’s also one of the newer homes. With 4 large bedrooms and 2.5 bathrooms, along with a spacious game room upstairs. Wood treads on stairs give the home a classic feel. Principal bedroom awaits you with ensuite bathroom with separate garden tub and shower. The area holds a blend of numerous culturally diverse groceries, schools, restaurants and churches.
Large open kitchen has stainless double door refrigerator and stove. W/D included in sale. This home puts you 15 minutes to The Woodlands, TX and 24 minutes to the Theater and Museum District in Downtown Houston. Less than 30 minutes to Minute Maid Park, Discovery Green and NRG. Close in proximity to I-45, Tomball Parkway 249, Beltway 8, Willowbrook Mall and many other reasons to make Heritage Village your home.
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About Koenig
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Last Updated: 5 months ago
Data Source: HAR , MLS# 16734642
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