1013 Morris Ranch Court
About This Property
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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 |
|---|---|---|---|
| Dec 22, 2021 | Sold | ||
| Sold | |||
| Nov 19, 2021 | Listed by BHHS A Action REALTORS | $267,500 | |
| Listed by BHHS A Action REALTORS | |||
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This home is one of the most popular DR HORTON floor plans in one of the best Master Planned Communities of the DFW area with a spectacular view of Lake Ray Hubbard and in the distance, the skyline of Downtown Dallas. This 4 bedroom, 2 bath home in located in a quiet cul-de-sac and has been freshly painted, with new carpet recently installed in master bedroom and living area. Front yard has new landscaping. You will enjoy a large community pool, a splash park, a spacious covered pavilion and tot lot, an in-line hockey rink, sports fields and a playground area. The new John M. Lewis Elementary School is located on-site and offers first-class education in the highly-acclaimed Forney ISD.
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| Jul 31, 2020 | Sold | ||
| Sold | |||
| Jun 22, 2020 | Listed by Custom Real Estate Company | $219,000 | |
| Listed by Custom Real Estate Company | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017