1020 Micah Road
About This Property
With no carpet anywhere, the flooring is both stylish and practical. Ceramic tile runs through the kitchen, living, dining, utility room, and bathrooms, while the bedrooms feature luxury vinyl plank that gives the look of hardwood with durability that stands up to everyday life. The open-concept design creates an easy flow between kitchen, dining, and living spaces. Large windows along the back of the home fill the main living areas with natural light and offer views of the backyard. The kitchen provides abundant cabinet storage, generous counter space, and a large walk-in pantry. Just off the kitchen is a functional utility room complete with a stacked washer and dryer setup, cabinets, and shelving for convenient organization. The shelving can be removed if a side-by-side washer and dryer setup is preferred. The split-bedroom layout provides privacy for the primary suite, which includes built-in shelving, dual sinks, an oversized linen closet, and a very large walk-in closet. Two additional bedrooms share a hall bath. The northeast-facing backyard is designed for both enjoyment and practicality. An extended covered patio with ceiling fan creates a relaxing and shaded outdoor space, while additional concrete pavers provide extra storage or flexible use area. A drainage pump has been installed in the rear of the yard to efficiently manage heavy rainfall and is conveniently activated at the switch on the patio. The roof was replaced 3 years ago, adding another layer of value and peace of mind. Located in a friendly neighborhood close to shopping, dining, and everyday conveniences, and served by highly regarded Burleson ISD, this home offers comfort, functionality, and convenience at an attractive price point.
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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 |
|---|---|---|---|
| Apr 17, 2026 | Sold | ||
| Sold | |||
| Mar 23, 2026 | In contract | - | |
| In contract | |||
| Feb 16, 2026 | Listed by Real Broker, LLC | $275,000 | |
| Listed by Real Broker, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017