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204 Wade Road
About This Property
Discover this beautiful, one-owner, ranch-style home nestled on a serene 2.38-acre homesite in Pecan Hill, one of Brookshire's most sought-after and established neighborhoods. Surrounded by mature trees and lush landscaping, this private oasis offers peace, space, and endless potential. Step inside to an inviting open floor plan with soaring high ceilings, new laminate flooring, and a spacious formal dining area perfect for gatherings. The living space is light-filled and airy, ideal for both relaxing and entertaining. Outside, enjoy the privacy of a fenced backyard, ideal for pets and outdoor living. The property features a detached 2-car garage, gently rolling front and back yards, and no rear neighbors, making this homesite feel incredibly secluded and tranquil. This is a rare opportunity to own acreage with room to expand, garden, or simply enjoy the natural beauty that surrounds you.
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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 28, 2025 | Sold | ||
| Sold | |||
| Jul 25, 2025 | In contract | - | |
| In contract | |||
| Jul 19, 2025 | Listed by Synergy Real Estate Professionals | $450,000 | |
| Listed by Synergy Real Estate Professionals | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017