12004 Road 5503
About This Property
With trees removed and the lot already prepared, you can skip the costly land clearing process and move straight into planning and building. Enjoy the flexibility of creating a space that fits your lifestyle while still experiencing the peace and privacy of a developing neighborhood.Located just outside the hustle of Houston, Santa Fe provides a quieter setting with room to grow - making it ideal for buyers seeking affordability, space, and long-term potential. Utilities available, per seller. Come walk the lot and imagine the possibilities!
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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 |
|---|---|---|---|
| Jun 3, 2026 | Sold | ||
| Sold | |||
| May 20, 2026 | In contract | - | |
| In contract | |||
| Feb 20, 2026 | Listed by Blair Realty Group | $34,900 | |
| Listed by Blair Realty Group | |||
| Dec 5, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 19, 2025 | Listed by Alumbra International Properties | $24,990 | |
| Listed by Alumbra International Properties | |||
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Dreaming of building your own getaway from the city? Look no further than this spacious property bursting with potential. Nestled just far enough from the hustle and bustle, yet close to everything you need — schools (including private options), shopping centers, gas stations, and more — this land offers the best of both worlds. Whether you're planning your forever home or an investment opportunity, this location is ready for your vision. Don't miss out!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017