3108 Troy Road
About This Property
With convenient proximity to Highway 78, Highway 66, and President George Bush Turnpike-yet boasting frontage on Lake Ray Hubbard-the property offers a rare blend of accessibility and true waterfront living.
Water is provided by East Fork Special Utility District, and a survey is available. The acreage also offers flexible interim use for potential commercial or residential purposes, making it ideal for personal use, business operations, or investment.
Whether you envision a private lakefront estate, workshop, space for animals, or a multi-use property, this tract delivers the space and freedom to create something exceptional. (Seller financing not available)
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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 |
|---|---|---|---|
| Jun 24, 2026 | Relisted | $1,590,000 | |
| Relisted | |||
| Mar 31, 2026 | In contract | - | |
| In contract | |||
| Jan 15, 2026 | Relisted | $1,590,000 | |
| Relisted | |||
| Jan 13, 2026 | No longer available | - | |
| No longer available | |||
| Sep 30, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017