11300 Massey Road
About This Property
The primary suite sits on the main level with a walk-in closet and spacious bath. A second bedroom and loft space upstairs provide additional living, work, or guest options. Multiple porches and patios overlook mature trees and open yard space. In addition to the main home, the property includes a detached 3 car garage and a separate accessory dwelling unit, ideal for guests, storage, hobby space, or future income. Both structures offer room for finish out and customization. The stable building has begun construction and is ready for a new owner to finish out. The detached garage is currently framed and sheathed, offering a clean slate for exterior skin and interior finish out. No HOA. Private well. Coop electric. Private sewer. Pilot Point ISD. With solid bones, unique architecture, and multiple structures already in place, this property is perfect for someone looking to bring their own vision to life on acreage.
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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 |
|---|---|---|---|
| Mar 19, 2026 | Sold | ||
| Sold | |||
| Feb 6, 2026 | In contract | - | |
| In contract | |||
| Jan 29, 2026 | Relisted | $525,000 | |
| Relisted | |||
| Jan 18, 2026 | In contract | - | |
| In contract | |||
| Nov 28, 2025 | Listed by EXP Realty, LLC | $525,000 | |
| Listed by EXP Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017