3023 Hemingway 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 |
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| Jun 10, 2022 | Sold | ||
| Sold | |||
| May 4, 2022 | Listed by Realty Associates | $899,900 | |
| Listed by Realty Associates | |||
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Waterfront home in Walden on Lake Conroe. 4 bedroom/4 bath with 2 primary bedrooms (one down, one up). All bedrooms are ensuite. Primary bedroom upstairs includes balcony overlooking lake with stair access to backyard. Open floor plan includes recently remodeled kitchen with large powered island, double ovens, cabinets with soft-close doors & drawers and 2 dishwashers. Gorgeous lakefront view within quiet cove and quick access to main lake. Covered boat slip with automated lift. Roof and 2 new hot water heaters replaced in 2016. Walden offers all the amenities you're looking for - community pools, golf, tennis courts, fitness center, boat ramp and more!
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| May 20, 2021 | Sold | ||
| Sold | |||
| Mar 30, 2021 | Listed by Keller Williams Advtge Realty | $600,000 | |
| Listed by Keller Williams Advtge Realty | |||
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Walden waterfront home. 4 bedrooms ; all bedrooms are ensuite. 2 primary bedrooms; one primary is on the 1st floor, the other on the 2nd floor with optional outside access. Open floor plan. Kitchen recently remodeled with beautiful granite, large powered island, double ovens, cabinets with soft-close doors/drawers, and 2 Bosch dishwashers. Nice water view of quiet cove with quick access to main lake. Good water depth at covered dock. Automated electric boat lift. Friendly neighborhood. Roof replaced in 2016. 2 new water heaters in 2016. Walden amenities include community pools (a junior Olympic-size pool, as well as two kiddie pools). Section 6 has an additional pool for use by Section 6 residents. Yacht Club Restaurant & Breakwater Grill, Fitness Center (with a fitness pool), Walden Racquet Club (offers 16 outdoor courts, 4 covered with 10 lighted courts for evening play), 2 boat ramps, a Hike-And-Bike Trail, and a dog park. Montgomery ISD.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017