511 Ewing Road
About This Property
A spacious 3-bedroom, 2-bath home sits on the land, offering an open floor plan with vaulted ceilings that create an airy and inviting atmosphere. The well-appointed kitchen boasts ample cabinetry, a portable island, and plenty of counter space, making it perfect for cooking and entertaining. The primary suite is a true retreat, featuring an oversized ensuite bath with a large garden tub, dual vanities, a built-in medicine cabinet, and a separate water closet for added privacy.
Beyond the home, the property is equipped with a two-car garage with a durable concrete floor, additional storage space behind the garage, and a livestock shelter, making it an excellent choice for those with farming or ranching interests. With so much land to explore and utilize, this property offers the perfect balance of tranquility, functionality, and potential. Don't miss out on this incredible opportunity to own a piece of Texas countryside with endless possibilities! Currently ag exempt for hay.
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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 |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| Apr 3, 2025 | Listed by Livv Real Estate, LLC | $495,000 | |
| Listed by Livv Real Estate, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017