1044 Shadow Lakes Drive
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 |
|---|---|---|---|
| Jul 10, 2024 | Sold | ||
| Sold | |||
| Jun 14, 2024 | In contract | - | |
| In contract | |||
| May 24, 2024 | Price Decreased |
$639,900
↓ $20K
(3%) | |
| Price Decreased | |||
| May 3, 2024 | Price Decreased |
$659,900
↓ $40K
(5.7%) | |
| Price Decreased | |||
| Mar 2, 2024 | Listed by RE/MAX Landmark | $699,900 | |
| Listed by RE/MAX Landmark | |||
| | |||
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SELLER OFFERING $10K towards a potential INTEREST RATE DECREASE for the first two years SAVING YOU SEVERAL HUNDRED DOLLARS PER MONTH! METICULOUSLY UPDATED home nestled in the prestigious Shadow Lakes Community and ALL of its amenities (including a POOL FOR SUMMER!) right off I20! 15min to shopping in Terrell, 15min to Canton, and 40min to downtown Dallas PERFECT for commuters! Stunning exterior architecture and curb appeal lead you to the covered entryway! Inside you are WOWED by the CUSTOM WOOD FLOORS, TONS of natural light, DESIGNER DECOR AND FINISH OUT with OVERSIZED living and kitchen making entertaining a breeze! GRANITE, FLOORING, 46INCH GAS COOKTOP, WHITE WASHED BRICK, paint and fixtures all updated in 2022! NEW CONSTRUCTION FEEL WITHOUT THE NEW CONSTRUCTION PRICE! Master and office downstairs, upstairs features MEDIA ROOM AND GAME ROOM! All bedrooms have WALK IN CLOSETS! Outback is a GORGEOUS porch with trees and fenced in yard! Schedule your private tour of this DREAM HOME!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017