301 N Magnolia 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 |
|---|---|---|---|
| Oct 27, 2023 | Sold | ||
| Sold | |||
| Jul 15, 2023 | Listed by Janet Whitaker, Broker | $249,000 | |
| Listed by Janet Whitaker, Broker | |||
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Located within the city limits of Conroe on a large corner lot this property offers so much potential. NEW Roof on the house as of July 29, 2023. New Carpet and fresh paint in the three-bedrooms and hallway and low maintenance ceramic tile throughout the main living areas. 2-full baths both with great storage. Also features a sunroom and attached 2-car garage. The Shop Building is approximately 1500 SF and provides great potential for home business use, hobby space or it can potentially be finished out to be extra living space. A second driveway provides access to the 2-car garage. There’s an additional roll-up door out the back offering easy access to the covered storage area. All situated on a beautiful property with ample outdoor space for gardening and various activities. Don't miss the opportunity to explore this versatile and rare property!
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Property Highlights
Building Info
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Status
Price/ft²
Listed On
Sold On
About Conroe
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017