1434 Road 5706
About This Property
Fantastic opportunity to own nearly a quarter-acre of land in the rapidly growing city of Cleveland, just outside of Houston. These two side-by-side lots are available for purchase (listed separately), offering flexibility for building your dream home, investment property, or future development. Enjoy low tax rates and the convenience of water and electricity already available through the city. Located near major retail and restaurant development, this area is quickly expanding, making it a smart choice for buyers looking to invest in a high-growth community.
Don't miss your chance to own land in a thriving area with small-town charm and big-city accessibility!
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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 |
|---|---|---|---|
| May 1, 2026 | Price Decreased |
$45,000
↓ $5K
(10%) | |
| Price Decreased | |||
| May 14, 2025 | Listed by Keller Williams Realty Metropolitan | $50,000 | |
| Listed by Keller Williams Realty Metropolitan | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017