5904 County Road 2516
About This Property
Upstairs, a generously sized game room with an adjoining full bath provides endless possibilities as a media room, guest suite with private bath, playroom, or home office. The oversized three-car garage has ample room for a workshop, freezer, and additional storage without sacrificing parking space. Step outside to the covered back patio and unwind beneath the canopy of mature trees while taking in tranquil views of the neighboring pond. The abundant shade keeps the outdoor living spaces cool throughout the Texas summers, making it the perfect place to enjoy morning coffee, evening gatherings, or simply the peaceful beauty of nature.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 17, 2026 | Sold | ||
| Sold | |||
| Aug 15, 2026 | In contract | - | |
| In contract | |||
| Jul 30, 2026 | Listed by Keller Williams Rockwall | $699,000 | |
| Listed by Keller Williams Rockwall | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017