111 Summitt Avenue
About This Property
This 1-bedroom, 1-bathroom home in Graham, TX is full of potential and ready for your personal touch! Located just off Highway 380 and within walking distance of the elementary school, this property offers a convenient location and a solid foundation for a great starter home or investment property.
Inside, you'll find a functional layout with a living area, a modest kitchen space, and a comfortable bedroom with a full bath. The home is in need of repairs and updates but offers a fantastic opportunity to build equity and customize to your liking.
The lot features a spacious yard with room for outdoor living, a garden, or future expansion. Whether you're a first-time homebuyer looking to break into the market or an investor seeking your next project, this property is a smart choice with strong potential.
Bring your vision and make this diamond in the rough shine!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 8, 2025 | Sold | ||
| Sold | |||
| Jul 27, 2025 | In contract | - | |
| In contract | |||
| Jun 27, 2025 | Price Decreased |
$34,900
↓ $5K
(12.5%) | |
| Price Decreased | |||
| Jun 19, 2025 | Listed by All City Real Estate, Ltd. Co. | $39,900 | |
| Listed by All City Real Estate, Ltd. Co. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017