11309 Cobalt Drive
About This Property
The living area is adorned with a custom fireplace, creating a cozy ambiance for relaxation and entertainment. The expansive backyard beckons with its lush greenery and a covered extended patio, perfect for al fresco dining and outdoor gatherings. With a total lot size of 5981 square feet, there's plenty of space for outdoor enjoyment and potential landscaping opportunities.
This property offers a modern lifestyle with its sleek finishes, spacious interior, and a big backyard oasis. Don't miss the chance to make this contemporary gem your new home sweet home.
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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, 2024 | Sold | ||
| Sold | |||
| Aug 22, 2024 | In contract | - | |
| In contract | |||
| Jul 30, 2024 | Listed by Compass RE Texas, LLC | $360,000 | |
| Listed by Compass RE Texas, LLC | |||
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About Denton
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20688146
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017