5807 Fairlane DR
About This Property
The bedroom wing and second living area can be closed off from the main living spaces, providing an ideal layout for both work and play. The home offers ample storage with built-ins and an air-conditioned storage room located in the garage. Recent improvements include a new roof, gutters, HVAC unit, water heater, and dishwasher.
The backyard features low-maintenance turf, while the fully fenced front yard is shaded by mature trees and landscaping. Located in a highly walkable neighborhood near Northwest Park, Northwest Little League fields, and Gullett Elementary.
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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 |
|---|---|---|---|
| Jan 30, 2026 | In contract | - | |
| In contract | |||
| Jan 15, 2026 | Listed by Compass RE Texas, LLC | $950,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017