1207 Terrace Drive
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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%.
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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 |
|---|---|---|---|
| Apr 12, 2023 | Sold | ||
| Sold | |||
| Mar 4, 2023 | Listed by Texas Ally Real Estate Group | $490,000 | |
| Listed by Texas Ally Real Estate Group | |||
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Welcome to your freshly renovated new home in the highly desired city of Grapevine!
This 3 bedroom, 2 full bath corner lot was fully updated and is in a great neighborhood located blocks away from the sought after Cannon Elementary School. It is also within walking distance to downtown Main Street that is lined with various shops, restaurants and wineries. As you step foot through the modern front door, beautiful new white oak LVP flooring leads you into the spacious, open kitchen and living room that faces the covered patio and backyard. Upgrades to the kitchen include stylish quartz countertops and all new appliances and recess lighting throughout. The primary bedroom has large custom built-ins and trendy updated bath.
There is a large 15x25 separate building in the yard that is great to store all your extras or the perfect place for those needing an area for side hobbies and projects. The house is turnkey and is ready for its new owners to call it home, you won't want to miss it!
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| Nov 29, 2022 | Sold | ||
| Sold | |||
| Oct 11, 2022 | Listed by Keller Williams Realty | $350,000 | |
| Listed by Keller Williams Realty | |||
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About Bellaire
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017