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551 Hermitage Court
About This Property
Welcome to 551 Hermitage Ct, a charming two-story home in the desirable River Plantation neighborhood of Conroe, Texas. Built in 1973, this 2,904 sq. ft. residence features 4 bedrooms, 2.5 baths, and a spacious 13,037 sq. ft. golf course lot. Enjoy evenings outdoors in your private pool with the family! This home has been recently updated and is turn-key. River Plantation is highly sought after for its mature trees, golf course, and community amenities. Conveniently located, it's just 15-20 minutes from Lake Conroe, 10-15 minutes from The Woodlands, and close to downtown Conroe's dining and entertainment. Outdoor enthusiasts can explore Sam Houston National Forest and Huntsville State Park nearby, with easy access to I-45 and Bush Intercontinental Airport.
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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 |
|---|---|---|---|
| Aug 4, 2025 | Sold | ||
| Sold | |||
| Jul 7, 2025 | In contract | - | |
| In contract | |||
| Jun 11, 2025 | Price Decreased |
$374,900
↓ $20K
(5.1%) | |
| Price Decreased | |||
| May 6, 2025 | Price Decreased |
$394,900
↓ $20K
(4.8%) | |
| Price Decreased | |||
| Apr 26, 2025 | Price Decreased |
$414,900
↓ $20K
(4.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017