1024 Macaw Drive
About This Property
Designed with both comfort and entertaining in mind, the open-concept layout is filled with natural light and features a spacious living area that flows seamlessly into the kitchen and dining spaces. The well-appointed kitchen overlooks the main living area, creating the perfect setup for gatherings with family and friends.
The private primary suite offers a relaxing retreat, while the split-bedroom floorplan provides flexibility and privacy for guests or growing families. Step outside to enjoy the oversized covered patio, ideal for outdoor dining, relaxing evenings, or weekend entertaining.
One of the standout features of this property is the rare 3-car garage, providing ample space for vehicles, storage, hobbies, or a home gym setup. Located in one of Forney's most desirable neighborhoods feeding into Forney High School, residents enjoy access to community amenities, parks, pools, trails, and more.
Conveniently located with quick access to HWY 80 and I-20, this home offers an easy commute to Dallas and surrounding areas while still maintaining the feel of a quiet suburban community. Even better, this property has NO MUD or PID tax, contributing to one of the lower overall tax rates in Forney ISD at just 2.1235%.
Homes with this combination of condition, location, layout, and tax advantages are hard to find.
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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 |
|---|---|---|---|
| Jul 13, 2026 | Sold | ||
| Sold | |||
| Jun 16, 2026 | In contract | - | |
| In contract | |||
| Jun 12, 2026 | Price Decreased |
$385,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| May 14, 2026 | Listed by CENTURY 21 Judge Fite Co. | $395,000 | |
| Listed by CENTURY 21 Judge Fite Co. | |||
| Sep 5, 2024 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017