1108 Stone Gate Drive
About This Property
This wonderfully built home is overlooking the canal of Valley Ranch subdivision, one of the few homes to boast this amazing feature. This meticulously cared for home is in one of Irvings most desirable subdivisions, Valley Ranch. Close to many restaurants, shops, and easy access to major highways, and the newly developed Cypress Waters this home makes for an elevated life of convenience. With built in entertainment shelving in the living room, an intelligently updated kitchen space and wetbar, this home is perfect for hosting and entertaining.
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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 |
|---|---|---|---|
| Mar 14, 2022 | Sold | ||
| Sold | |||
| Feb 10, 2022 | Listed by Rogers Healy and Associates | $535,000 | |
| Listed by Rogers Healy and Associates | |||
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About Valley Ranch
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14756770
Details provided by NTREIS and may not match the public record
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