1140 CANDLEBARK Drive
About This Property
This stunning property has just completed a full renovation-starting with a brand-new roof, new AC (2024), and updated electrical and plumbing systems. The modern kitchen features sleek new cabinets, elegant quartz countertops, and stainless-steel appliances-perfect for both everyday living and entertaining. The primary suite offers a true retreat with dual vanities and a freestanding soaking tub, while the downstairs living room showcases a stylish accent wall and luxury vinyl flooring throughout. Upstairs, you'll find cozy carpeted bedrooms for added comfort. Enjoy peaceful lake views from your backyard surrounded by beautiful palm trees, and take advantage of the home's spacious side-entry garage and extended parking area-a rare find in this community! The Waterleaf community also offers fantastic amenities, including a sparkling pool, playground,
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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 |
|---|---|---|---|
| Dec 31, 2025 | Sold | ||
| Sold | |||
| Dec 16, 2025 | In contract | - | |
| In contract | |||
| Dec 10, 2025 | Relisted | $352,000 | |
| Relisted | |||
| Dec 10, 2025 | Price Increased |
$595,000
↑ $243K
(69%) | |
| Price Increased | |||
| Oct 21, 2025 | In contract | - | |
| In contract | |||
Property Highlights
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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017