2050 E FM 583
About This Property
The inviting front of the home offers plenty of parking and is shaded by mature trees. Inside, you'll find a comfortable layout with two full bathrooms. A French door off the dining space opens to views of the expansive backyard, inviting you to relax, garden, or enjoy the scenery.
A spacious carport is directly attached to the rear 2-car garage, creating additional covered space for parking, storage, or outdoor projects.
Located just a few miles from Downtown May, 13 miles from Lake Brownwood, and 30 miles from Brownwood, this property provides room to grow, space to breathe, and the true freedom of country living. Call today to schedule your showing and name it home tomorrow!
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jan 7, 2026 | Sold | ||
| Sold | |||
| Dec 16, 2025 | Listed by Ann Jones Real Estate | $185,000 | |
| Listed by Ann Jones Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017