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202 Trinity Road
About This Property
Bring your vision to this 2-bedroom, 1-bathroom elevated home on Trinity Rd, with access to the Trinity River right across the street. Spend your mornings fishing, launch a kayak, or enjoy the peaceful country setting just outside Dayton. The property has room to clear, expand, or build, and much of the yard is overgrown and waiting to be uncovered.
This is a true handyman special or teardown opportunity. The home needs extensive work throughout, including roof, structure, siding, windows, plumbing, electrical, and flooring. It's priced with that in mind, making it a great value for investors, builders, or a hands-on buyer ready to rebuild or start fresh near the river.
Whether you renovate over time, build your dream river getaway, or hold the land, the location is the real draw. Enjoy small-town living with quick access to US-90, SH-146, and the Grand Parkway, about 30 minutes from Downtown Houston!
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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 |
|---|---|---|---|
| Oct 30, 2026 | In contract | - | |
| In contract | |||
| Oct 12, 2026 | Listed by Karen Davis Properties | $29,900 | |
| Listed by Karen Davis Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017