29907 Spring Forest Drive
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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 14, 2022 | Sold | ||
| Sold | |||
| May 26, 2022 | Listed by The Professional Landlords | $260,000 | |
| Listed by The Professional Landlords | |||
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Fully renovated home featuring 3 beds and 2 full baths in an unrestricted neighborhood! The home was remodeled with new laminate wood flooring and tile, counters, appliances, exterior and bathrooms! Additional features include a wood brick fireplace, an enclosed patio, and 3 car garage! Very close to I-45N, The Woodlands, George Bush Airport, shopping centers, entertainment venues, parks and more! This gem of a home will not last long, submit your offers today!
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017