Rare oversized lot (0.24 acre) on The Woodlands Tournament Golf
Course, with panoramic views, not the typical narrow course view.
The entire yard, including the front, is enclosed with aluminum
picket fencing, uncommon here and ideal for dog owners. The layout
gives everyone their own space: the downstairs primary suite has a
spacious sitting area and is set apart from the main living areas.
A U-shaped staircase keeps the upstairs completely separate, out of
sight and sound. Quick I-45 access for commuters. One continuous
wood floor runs through the living, dining, and kitchen areas, with
picture windows that highlight the golf course. Upstairs: a large
landing for bonus space and four bedrooms, including a true second
suite (18' x 15') with its own bath and walk-in closet, ideal for
guests or multigenerational living. New sod, landscaping, and
carpet; updated irrigation, side patio, and front porch; recent
roof and HVAC. Near Market Street and sought-after Woodlands
schools.
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.
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