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608 W Walcott Street
About This Property
Located just minutes from Lake Ray Roberts and less than an hour from Dallas, this fully cleared property offers an exceptional opportunity to build your custom home, weekend retreat, or investment property in one of North Texas' fastest-growing communities.
The property features beautiful established trees that have been professionally trimmed and maintained, providing character, shade, and a head start on landscaping that is difficult to replicate.
A recent survey is available from the seller's purchase.
Enjoy small-town charm, convenient access to the lake, and the continued growth and connectivity coming to the area.
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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 16, 2026 | Listed by My Castle Realty | $149,999 | |
| Listed by My Castle Realty | |||
| Dec 21, 2025 | No longer available | - | |
| No longer available | |||
| Oct 10, 2025 | Price Decreased |
$104,900
↓ $5K
(4.6%) | |
| Price Decreased | |||
| Jul 7, 2025 | Listed by AmbitionX Real Estate | $109,900 | |
| Listed by AmbitionX Real Estate | |||
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Welcome to Pilot Point, the home of Bonnie and Clyde Days and the infamous Western Son Distillery. The city thrives on community and all that a small town has to offer. Come explore the historic downstown square with dining and plenty of shopping. This city, though rural does not run shy of businesses such as community banks, a general store, grocery store, coffee shops, feed stores and many more. A great city to relocate away from the city hustle and bustle. Enjoy visiting Lake Ray Roberts, just a few short miles from the community. Build your dream home on almost a half acre lot. Large mature established trees accent this residential lot in the city limits of Pilot Point. The backyard is fenced with a chainlink fence. This could be the site of your new dream home or a great bardominium. Come take a look.
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Last Updated: 4 months ago
Data Source: NTREIS MLS, MLS# 21298040
Details provided by NTREIS and may not match the public record
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