1120 Redoak Drive
About This Property
Lake Tawakoni is known for excellent fishing boating and outdoor recreation with several public boat ramps parks and the popular Lake Tawakoni State Park close by. This home offers a peaceful setting that makes a perfect weekend retreat or a full time residence for anyone who loves the lake lifestyle.
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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 |
|---|---|---|---|
| Oct 9, 2025 | Sold | ||
| Sold | |||
| Aug 24, 2025 | In contract | - | |
| In contract | |||
| Jul 27, 2025 | Listed by Call It Closed Realty | $175,000 | |
| Listed by Call It Closed Realty | |||
| Jul 11, 2019 | No longer available | - | |
| No longer available | |||
| Jun 26, 2019 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017