27
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5118 Sleepy Point
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 |
|---|---|---|---|
| Jul 31, 2026 | Listed by Walzel Properties - Spring | $479,000 | |
| Listed by Walzel Properties - Spring | |||
| Jul 8, 2026 | Sold | ||
| Sold | |||
| Jun 27, 2026 | Listed by Blair Realty Group | $65,000 | |
| Listed by Blair Realty Group | |||
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Nestled at the end of a peaceful cul-de-sac in the highly desirable Seven Coves community on Lake Conroe, this stunning lot offers the perfect combination of privacy, natural beauty, and lakeside charm. The property’s tranquil setting provides the ideal backdrop to capture breathtaking sunsets just moments from the water. Enjoy resort-style living with access to a private marina, sparkling pool, clubhouse, and scenic walking areas—all within this vibrant, well-maintained neighborhood. Whether you’re dreaming of a weekend escape or a full-time lakeside residence, this property presents a rare opportunity to build your ideal lake-view home in one of Lake Conroe’s most sought-after communities.
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| May 1, 2026 | No longer available | - | |
| No longer available | |||
| Nov 15, 2025 | Delisted | - | |
| Delisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017