5511 Robin Road
About This Property
Ready for construction. Subdivided into 3 lots. Perfect for 3 large homes, sewer and water utilities are in place. $100K in water and suewer connections already spent. The 3 lots will not be sold separately. Each lot measures approximately 14,686 sq ft. Unusual size lots for this area. Big Lots. Sidewalks and approaches are done and ready. I30 and LBJ 635 3 minutes to Lake Ray Hubbard.
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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 25, 2026 | Listed by Mission Real Estate Group | $600,000 | |
| Listed by Mission Real Estate Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017