10939 Aladdin Drive
About This Property
This spacious, tree-lined 116x137 lot, situated in one of Dallas' most desirable neighborhoods, offers a rare opportunity to create the perfect sanctuary in close proximity to top private schools like Hockaday, Jesuit and Ursuline.
The existing ranch-style home is partially demoed and provides the perfect canvas for a custom renovation, while the lot's ample size also makes it an ideal seat for a striking new construction. INTERIOR PHOTOS ARE FROM WHEN THE HOME WAS LISTED PREVIOUSLY.
So bring your builder and lay out a vision because this property is an exciting blank slate, just waiting beneath a serene canopy of mature trees for its story to be written. Opportunities like this one don't come around too often!
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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, 2025 | Sold | ||
| Sold | |||
| Mar 15, 2025 | In contract | - | |
| In contract | |||
| Mar 10, 2025 | Listed by Dave Perry Miller Real Estate | $899,000 | |
| Listed by Dave Perry Miller Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017