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6987 Pleasure Lake Drive
About This Property
A mature lemon tree adds charm and character, while a graceful row of crape myrtles lines the right side of the property, creating natural beauty and a sense of privacy. The setting feels peaceful and inviting-ideal for a custom home surrounded by nature.
Seven Coves is known for its outstanding amenities, including a marina, boat ramp, subdivision pool, and clubhouse, making it easy to enjoy the Lake Conroe lifestyle. With very few lots remaining in this section, this property represents a rare opportunity to secure land in a highly sought-after waterfront community
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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 10, 2026 | Relisted | $94,999 | |
| Relisted | |||
| Jul 1, 2026 | No longer available | - | |
| No longer available | |||
| Apr 21, 2026 | Price Decreased |
$94,999
↓ $5K
(5%) | |
| Price Decreased | |||
| Jan 10, 2026 | Listed by Synergy Real Estate Professionals | $99,999 | |
| Listed by Synergy Real Estate Professionals | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017