2818 Lake Forest Drive
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 |
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| Jul 18, 2025 | Sold | ||
| Sold | |||
| Jul 3, 2025 | In contract | - | |
| In contract | |||
| Jun 12, 2025 | Listed by RE/MAX Integrity | $350,000 | |
| Listed by RE/MAX Integrity | |||
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Spacious, updated, & meticulously maintained 4-bed, 2.5-bath home in sought-after Walden on Lake Conroe! Perfect as a primary residence or fully functioning short-term rental. Situated on a large corner lot, this home features an open living room with accent wall & wood-burning fireplace leading to the bright kitchen with granite countertops, white cabinetry, + breakfast nook. The main-floor primary suite offers dual sinks, jetted tub, walk-in shower, & large closet. Main floor powder bath + laundry for added convenience. Upstairs to 3 additional bedrooms & full guest bath. No carpet throughout! Enjoy an extended back patio, private hot tub, fenced yard, & oversized gazebo with fans & lighting. Garage has epoxy floors; currently used as an extended game room. Lake Conroe is just across the street with nearby boat ramps & boat parking. Access to Walden amenities including pool, tennis, fitness center, Yacht Club, parks, & more! Zoned to top-rated Montgomery ISD! See it TODAY!
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| Mar 17, 2022 | Sold | ||
| Sold | |||
| Feb 19, 2022 | Listed by Compass RE Texas, LLC | $342,500 | |
| Listed by Compass RE Texas, LLC | |||
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Desirable Lake Conroe location. Come and view this beautiful open floor plan with limited views of the lake from the breakfast area and upstairs bedrooms. Entire home has been updated, both exterior and interior including the garage. With the exception of the ceramic tile in the kitchen and bathrooms, the entire remainder of the home has beautiful waterproof laminate wood flooring. The wooden stairs' are stained to perfectly match the flooring. All of the updated light fixtures in the home are a must see. Every closet and cabinet has been updated with wooden shelving for maximum storage. The vanity area in the primary bath is the perfect accent to the new upgraded frameless ceramic tile shower. All plumbing fixtures have been upgraded to match the new look of the home. The entire home, exterior and interior(ceilings included) have been painted. The kitchen has all stainless steel appliances. This home is move in ready.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017