Escape the ordinary with 5.56 private acres, ~5,000 SF of living
space & a LOW TAX RATE in The Reserve at The Commons! This acreage
home offers privacy, space & a flexible floor plan with a NEW ROOF,
fresh paint throughout the main areas & beautiful engineered
hardwood floors. A circular driveway & porte cochere create an
impressive arrival. Inside, enjoy a HOME OFFICE, formal dining room
& HUGE downstairs flex/game room with half bath PLUS an upstairs
game room. The downstairs private primary suite & GUEST EN SUITE
each offer private patio access, with multiple entrances connecting
the home to the back patio for easy indoor/outdoor living. Upstairs
offers 3 additional rooms, including a bedroom & a unique space
with a SECRET BOOKCASE ENTRANCE! The Commons offers acreage living,
2 nature parks, horse trails & abundant wildlife, all just ~10
minutes from Hwy 99 for easy access to shopping, dining &
Houston-area commutes.
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.
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