412 Leaning Oak Lane
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 2, 2026 | Listed by Oro Realty | $290,000 | |
| Listed by Oro Realty | |||
| Aug 1, 2026 | No longer available | - | |
| No longer available | |||
| Apr 28, 2026 | Price Decreased |
$325,000
↓ $25K
(7.1%) | |
| Price Decreased | |||
| Mar 31, 2026 | Listed by Tower Point Realty | $350,000 | |
| Listed by Tower Point Realty | |||
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This 2-bedroom, 2-bath home in Birch Creek Forest at Lake Somerville offers a well-equipped layout with a spacious kitchen, plus a dedicated study nook. The property also features a 20x30 air-conditioned studio with a half bath and plumbing for a shower—ideal for conversion into additional living space or guest quarters. A two-car detached garage with workshop space and RV electrical hookups add functionality and flexibility. The home showcases charm and comfort throughout, including a full-length covered porch with detailed woodwork and a screened-in patio with TV—perfect for relaxing or entertaining. Nestled in a quiet lake community, residents enjoy access to a private boat launch, pool, community center, and heliport. Conveniently located just 40 minutes from Texas A&M and about 90 minutes from Houston, this property combines practical features with peaceful surroundings.
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| Feb 7, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017