9675 Lake Conroe Drive
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 |
|---|---|---|---|
| Oct 20, 2023 | Sold | ||
| Sold | |||
| Sep 1, 2023 | Listed by Compass RE Texas, LLC | $650,000 | |
| Listed by Compass RE Texas, LLC | |||
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Enjoy country living on 2.674 wooded acres near Lake Conroe. This country haven offers elbow room and endless possibilities! The single-story main house offers 3 beds, 2.5 baths, and a study with French doors and built-in desk. Enjoy oak wood & tile floors, fresh neutral paint (8/2023), and built-ins throughout. The Kitchen boasts granite, stained cabinets, breakfast bar, & island with a prep sink. Upgraded stainless appliances, including double ovens, are perfect for the home chef. The family room features a gas fireplace and built-ins. The exterior showcases deep burgundy brick and white columns, a large front porch, detached 3 car garage and Porte Cochere with an upstairs carpeted Gameroom (400+ sqft) and attic access. A spacious rear driveway adds privacy and enhances curb appeal. This custom Mueller building is 2400+ square feet, features double roll-up doors and dual driveways and is ready for your RV, toys or home-based business! No HOA, No MUD.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017