226 Cornelius Road
About This Property
1+ Acre in North Rockwall, NO HOA, Outside City limits, with a Guest House!! What more could you ask for.. Main house offers 3 Bedrooms, 3 Full Baths. This ranch style home offers a great layout for the entire family. Spacious living room with brick wood burning fireplace and built in cabinet and wet bar area. Galley Kitchen connects to the formal dining room and breakfast area with 3rd bathroom off the Kitchen and connecting to the garage. Spacious Bedroom with walk in closets. Primary bathroom offers double sinks, his and her closets. Study or craft room off of the primary bedroom leading into the family room with ample space for all the entertaining. Guest House offers a 1 Bedroom, 1 Bathroom with spacious walk in closet, Kitchen and breakfast area, plus a second room for storage and full size washer and drier. RV Parking with 50amp plug. Solar screens on all windows for extra energy efficiency. Bring your animals and enjoy the peace and quiet this home has to offer. Buyers and buyers agents to verify all details within. * New roof will be installed prior to closing, price has been adjusted for other necessary repairs and updates home is being sold AS IS*
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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 |
|---|---|---|---|
| Sep 8, 2026 | In contract | - | |
| In contract | |||
| Sep 2, 2026 | Price Decreased |
$420,000
↓ $40K
(8.7%) | |
| Price Decreased | |||
| Aug 27, 2026 | Relisted | $459,900 | |
| Relisted | |||
| Aug 21, 2026 | In contract | - | |
| In contract | |||
| Aug 3, 2026 | Price Decreased |
$459,900
↓ $20K
(4.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017