2977 Old Lorena Road
About This Property
Set on a spacious, rectangular lot, the home sits comfortably back from the road, offering peaceful privacy while remaining easily accessible. Behind the home, the additional two acres unfold into a semi-wooded retreat-perfect for exploring, creating walking trails, adding additional structures, or even enjoying dirt bikes and outdoor adventures.
A over 700-square-foot shop with concrete flooring and a roll-up door provides an incredible space for hobbies, storage, or workspace needs. Both the house and the shop include covered parking for vehicles and equipment.
Recent updates-including HVAC, hot water heater, electrical panel, and roof-ensure peace of mind and modern comfort for years to come.
A rare opportunity to own small acreage in highly sought-after Lorena ISD-properties like this don't come along often!
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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 |
|---|---|---|---|
| Jan 15, 2026 | Sold | ||
| Sold | |||
| Dec 6, 2025 | In contract | - | |
| In contract | |||
| Nov 19, 2025 | Listed by Camille Johnson | $292,500 | |
| Listed by Camille Johnson | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017