1115 Derbyshire Place
About This Property
The main living area opens effortlessly to the private backyard retreat, featuring a sparkling pool and an inviting patio complete with a pull-down TV-perfect for entertaining or relaxing year-round.
Inside, you'll find a kitchen featuring granite countertops and a double oven, 3 bedrooms, 2.5 baths and fresh paint throughout, new carpet and very spacious living areas. The main living room features a gas fireplace, and a private loft. The two large living areas and loft space offers buyers creative options for a home office, game room or media room.
Located just minutes from George Bush, I-35, and Highway 121, this home combines a prime location with modern updates and resort-style living. Updates include NEW HVAC SYSTEMS (2025, 2022), FENCE AND TURF (2022), POOL EQUIPMENT (2023), ROOF AND GUTTERS 2019
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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 23, 2025 | Sold | ||
| Sold | |||
| Aug 25, 2025 | In contract | - | |
| In contract | |||
| Aug 20, 2025 | Listed by RE/MAX DFW Associates | $499,000 | |
| Listed by RE/MAX DFW Associates | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017