6608 County Road 551
About This Property
Sitting on .44 acres on CR 551, only 10 minutes from Brownwood, this property gives you breathing room without putting you in the middle of nowhere. A 6-foot chain-link fence surrounds the entire yard, complete with a double gate-perfect for pets, projects, boats, or all three.
Inside, the open floor plan makes the home feel larger than its footprint suggests. The living room features a built-in decorative entertainment center that anchors the space and keeps things clean and organized. The kitchen is designed for connection, with an island, breakfast bar, and easy flow into the main living area-ideal for hosting after a day at the lake or enjoying a quiet night in.
You'll find 3 bedrooms, 2 full baths, washer and dryer hookups, ceiling fans, all LED lighting, and window coverings already in place. No projects. No punch list. Just move-in ready comfort.
Affordable homes-especially in like-new condition-are extremely hard to find right now. This one checks all the boxes: newer construction, fenced yard, land, proximity to the lake, and move-in ready condition. It's an excellent primary residence, starter home, or weekend retreat near Lake Brownwood-and it won't last long.
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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 24, 2026 | Sold | ||
| Sold | |||
| Mar 17, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Relisted | $125,000 | |
| Relisted | |||
| Mar 8, 2026 | In contract | - | |
| In contract | |||
| Feb 27, 2026 | Listed by KWSynergy | $125,000 | |
| Listed by KWSynergy | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017