377 Exploration Road
About This Property
Listed By
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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 |
|---|---|---|---|
| Sep 4, 2026 | Listed by Grand Ranch Properties | $84,900 | |
| Listed by Grand Ranch Properties | |||
| Sep 1, 2026 | No longer available | - | |
| No longer available | |||
| Oct 1, 2024 | Price Decreased |
$110,000
↓ $8K
(6.8%) | |
| Price Decreased | |||
| Aug 10, 2024 | Listed by Red Lion Realty | $118,000 | |
| Listed by Red Lion Realty | |||
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1-acre homesite • Deer Forest acreage community • Minutes to Lake Conroe & Sam Houston National Forest
Build your dream home on this 1.0-acre wooded lot in the peaceful Deer Forest Subdivision near New Waverly. Enjoy the tranquility of country living with convenient access to I-45, FM 1097, and nearby shopping. This property offers paved road frontage, electric availability, and a private water system. No MUD tax, low 1.5579 tax rate, and only a 2,000 sq ft minimum build size with no time frame to start construction. Surrounded by mature trees, this lot is ideal for your custom home design. Located just minutes from Lake Conroe, the Sam Houston National Forest, and approximately 20 minutes from The Woodlands.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017