507 Bost Street
About This Property
Fresh interior and exterior paint, along with newly constructed front and rear porches, enhance the home's curb appeal while preserving its classic character. Large windows fill the living spaces with abundant natural light, creating a bright and welcoming atmosphere. The garage has been thoughtfully converted into a versatile flex room that can serve as an additional bedroom, home office, playroom, or second living area.
Outside, mature shade trees create a peaceful, park-like setting in both the front and backyard, while the oversized lot provides ample room for expansion, outdoor entertaining, or future improvements. A new concrete driveway adds convenience and functionality.
Ideally located just moments from Historic Downtown Rockwall, Harry Myers Park, Lake Ray Hubbard, shopping, dining, and within the highly acclaimed Rockwall ISD, this move-in-ready property offers exceptional potential in a prime location. Whether you're searching for your next home or a great investment opportunity, this property is full of possibilities.
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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 |
|---|---|---|---|
| Nov 5, 2026 | No longer available | - | |
| No longer available | |||
| Oct 10, 2026 | In contract | - | |
| In contract | |||
| Sep 8, 2026 | Price Decreased |
$205,000
↓ $20K
(8.9%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Decreased |
$225,000
↓ $75K
(25%) | |
| Price Decreased | |||
| Aug 24, 2026 | Relisted | $300,000 | |
| Relisted | |||
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About Rockwall
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017