2950 County Road 607
About This Property
Ideally located just minutes from I-35 with convenient access to Fort Worth, Burleson, and surrounding growth corridors. Situated in the Alvarado ISD, supporting long-term residential demand.
This property is well-suited for a variety of residential uses including entry-level housing, manufactured or modular homes, build-to-rent concepts, or small-lot single-family development. Offered as a development tract with groundwork in place, providing a strong foundation for the next phase of development.
Additional planning documentation available upon request.
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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 |
|---|---|---|---|
| Dec 11, 2025 | Listed by Luxe West Realty | $1,800,000 | |
| Listed by Luxe West Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017