1108 Mahogany Drive
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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 |
|---|---|---|---|
| Sep 30, 2026 | Listed by Redfin Corporation | $425,000 | |
| Listed by Redfin Corporation | |||
| Jul 16, 2026 | No longer available | - | |
| No longer available | |||
| Jul 14, 2026 | Listed by Redfin Corporation | $490,000 | |
| Listed by Redfin Corporation | |||
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Stunning, like new Meritage Home in the sought-after Wolf Creek Farms community and zoned to highly acclaimed Melissa ISD! This impressive north-facing Bexar floor plan offers 3,144 square feet of beautifully designed living space with 4 bedrooms, 3.5 baths, and a layout that perfectly balances style and functionality. The open-concept design is filled with abundant natural light, highlighted by soaring vaulted ceilings and walls of windows that create a bright, welcoming atmosphere. A formal living area at the front of the home offers the perfect space for entertaining, a home office, or a quiet retreat. The spacious family room flows seamlessly into the well-appointed kitchen, making everyday living and hosting effortless. The private primary suite is conveniently located downstairs, while upstairs features generously sized secondary bedrooms and a large bonus room ideal as a game room, media room, or second living area. A whole-home water softener adds everyday comfort and convenience. Enjoy the exceptional amenities of Wolf Creek Farms, including a scenic community lake, walking trails, and beautiful green spaces. Conveniently located with quick access to Hwy 75, commuting to McKinney, Allen, and surrounding areas is a breeze. Elementary and middle schools are approximately 1.1–1.2 miles away. Motivated seller—bring all offers and don't miss this exceptional opportunity to own a move-in-ready home in one of Melissa's fastest-growing communities!
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| Jul 2, 2026 | No longer available | - | |
| No longer available | |||
| Jun 26, 2026 | Price Decreased |
$498,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017