7611 Lorna Road
About This Property
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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 |
|---|---|---|---|
| Jul 7, 2023 | Sold | ||
| Sold | |||
| Jun 21, 2023 | Listed by Top Guns Realty on Lake Conroe | $220,000 | |
| Listed by Top Guns Realty on Lake Conroe | |||
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Rare find! Empty lot in Montgomery Trace! Ready and available to build your dream home! It is a blank canvas just waiting for you! Minutes away from Lake Conroe, The Woodlands, Magnolia, Montgomery and Conroe! A great central location. Horses are allowed. There are community lakes, trails, parks and playgrounds to enjoy. More Photos coming later today!
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| Jul 24, 2020 | Sold | ||
| Sold | |||
| May 8, 2020 | Listed by Keller Williams Advtge Realty | $130,000 | |
| Listed by Keller Williams Advtge Realty | |||
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Heavily wooded and leveled 2.19 acres of land in Montgomery Trace. Perfect place to build your dream home in this quiet peaceful community. Horses are allowed enjoy the lakes, nature/walking trails/ parks with playgrounds. Great location just minutes from The Woodlands and Lake Conroe.
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Property Highlights
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About Montgomery Trace
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017