Experience the best of The Woodlands lifestyle in desirable
Grogan's Forest! This exceptional location is just a short bike
ride from The Woodlands Mall, dining, shopping, entertainment.
Enjoy a one-story layout with hardwood floors, a gourmet island
kitchen, and a welcoming front porch. The thoughtfully designed
split floor plan offers 3 spacious bedrooms w large walk-in
closets, 3 baths, a private office w built-in, and an elegant
formal dining-room. Relax in the lovely back patio with a built-in
gas grill, overlooking the beautifully landscaped yard. Recent
updates include a new roof with solar panels (Dec. 2022) and a new
HVAC system (Dec. 2024). The home faces a charming neighborhood
park with playground equipment, providing a wonderful space for
children to enjoy. More than1000 major corporations nearby, many
residents can bike to work. Enjoy all that The Woodlands has to
offer, including over 260 miles of hike/bike trails, numerous
parks, golf courses, and 14 community pools.
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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