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515 Lorie Lane
About This Property
The oversized primary suite features a huge bedroom, two closets, an extended sitting area, and a private balcony overlooking the tropical backyard. The pool-sized backyard is perfect for entertaining with multiple gathering areas, two concrete porches, and a covered patio. Oversized driveway provides ample parking.
Just minutes from Kemah Boardwalk and the water, with easy access to shopping, dining, and major roadways. Don't miss this move-in-ready home!
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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 14, 2026 | Price Decreased |
$339,900
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Aug 27, 2026 | Listed by HomeSmart | $345,000 | |
| Listed by HomeSmart | |||
| Jul 15, 2026 | Sold | ||
| Sold | |||
| Jun 27, 2026 | In contract | - | |
| In contract | |||
| Jun 24, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
Property Highlights
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About Clear Lake Forest
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$2,395 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017