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514 Burke Rd
About This Property
Discover a fantastic investment opportunity in the vibrant heart of Pasadena, Texas! This spacious 5-bedroom, 2-full-bath home is perfect for those looking to expand their real estate portfolio or invest in a lucrative rental property.
Property Highlights:
- Location: Centrally located in Pasadena, providing easy access to local amenities, schools, parks, and public transportation.
- Size: Generous living space with five well-sized bedrooms, ideal for families or multiple tenants.
- Bathrooms: Two full bathrooms, ensuring convenience for residents and guests.
- Potential: High rental demand in the area makes this property an excellent choice for investors seeking passive income.
Why Invest in Pasadena?
- Growing community with increasing property values.
- Proximity to Houston, offering a robust job market and economic opportunities.
- A diverse neighborhood with a strong sense of community.
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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 |
|---|---|---|---|
| Apr 2, 2025 | Sold | ||
| Sold | |||
| Mar 19, 2025 | In contract | - | |
| In contract | |||
| Mar 14, 2025 | Relisted | $180,000 | |
| Relisted | |||
| Feb 22, 2025 | In contract | - | |
| In contract | |||
| Jan 30, 2025 | Relisted | $180,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017