903 Ovilla Oaks Drive
About This Property
Surrounded by mature trees and featuring a small creek along the back of the property, this lot provides a peaceful, natural setting while still offering a level, cleared build site ready for construction. The generous dimensions and road frontage allow flexibility in designing a custom home that fits your vision.
Located within Midlothian ISD, this property offers access to top-rated schools while maintaining a serene, residential atmosphere just minutes from nearby shopping, dining, and major commuter routes.
With no mobile homes permitted, established utilities available, and limited opportunities remaining in this neighborhood, this is a rare chance to secure a premium lot in an already developed subdivision.
Opportunities like this are limited - bring your builder and start planning your dream home today.
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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 |
|---|---|---|---|
| Apr 10, 2026 | Sold | ||
| Sold | |||
| Mar 20, 2026 | In contract | - | |
| In contract | |||
| Mar 18, 2026 | Listed by Jason Mitchell Real Estate | $167,500 | |
| Listed by Jason Mitchell Real Estate | |||
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About Ovilla
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$3,300 /mo
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Last Updated: 8 months ago
Data Source: NTREIS MLS, MLS# 21212684
Details provided by NTREIS and may not match the public record
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Address: 335 Madison Avenue, New York, NY 10017