505 Road 6617
About This Property
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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 |
|---|---|---|---|
| Oct 14, 2026 | No longer available | - | |
| No longer available | |||
| Jun 20, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 19, 2026 | Listed by Yokom Properties LLC | $64,900 | |
| Listed by Yokom Properties LLC | |||
| Apr 14, 2026 | Listed by Yokom Properties LLC | $64,900 | |
| Listed by Yokom Properties LLC | |||
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Create your dream oasis on this lot within the developed Encino Estate Subdivision, where the possibilities are endless! NO IMMEDIATE BACK NEIGHBORS, 24/7 manned entrance gate security and available utilities! WHITE OAK TREES throughout! You can choose to build with a preferred builder or a custom builder of your choice. Enjoy the peaceful country living, while being only 45 minutes away from downtown Houston. LOW TAX RATE and NO MUD OR CITY TAXES! Existing survey available!
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| Apr 7, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017