3785 County Road 405
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 |
|---|---|---|---|
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Sep 2, 2025 | Listed by RE/MAX The Woodlands & Spring | $775,000 | |
| Listed by RE/MAX The Woodlands & Spring | |||
| Aug 22, 2025 | Price Decreased |
$799,000
↓ $26K
(3.2%) | |
| Price Decreased | |||
| Jul 28, 2025 | Listed | $825,000 | |
| Listed | |||
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Breathtaking views surround this custom home on 12.35 scenic acres of rolling Texas hills, accessed through gated entry. Home designed with wood-look tile floors, 8-ft doors, 6-inch baseboards & recessed lighting throughout. Warm entry leads to island kitchen w/breakfast bar, floor-to-ceiling cabinets, granite countertops and under-cabinet lighting. Open living room showcases stunning stone fireplace & panoramic views, while master suite boasts spa-like ensuite with tiled shower & custom walk-in closet w/shoe storage. Secondary beds share a full bath w/vintage vanity & walk-in shower. Utility room includes built-in mudroom area. Outside, over 600 sq ft of covered porches & patios provide perfect place to relax and take in the views. 30x60 shop with two bay doors, full RV hookups (including septic and laundry) and 20-ft overhead awning add even more functionality. Fully fenced, current hay exemptions, this ranch-style retreat perfectly offers the serenity of Texas country living.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017