One-of-a-kind, immaculate home on a tree-dotted 0.72-acre lot,
offering refined architectural details, exceptional privacy, a
garage apartment with rental income potential, an incredible
backyard oasis, & the freedom of no HOA! The open floor plan is
filled with natural light & showcases gorgeous wood flooring
throughout most of the main living areas. The spacious living room
impresses with a soaring beamed ceiling & a stunning
floor-to-ceiling stone fireplace. The kitchen features granite
countertops, a center island, rich dark wood cabinetry with display
cabinets & pullout drawers, stainless steel appliances, & a pantry.
Enjoy casual meals in the breakfast nook, while the formal dining
room with a tray ceiling provides the perfect setting for special
gatherings. A dedicated office with a tray ceiling offers an ideal
space for work. The primary suite is complete with a cathedral
ceiling, direct access to the back patio, a spacious walk-in
closet, & an ensuite bath with dual vanities & a separate dual-head
shower. Upstairs, you'll find an expansive flex space designed for
entertaining with a wet bar, private balcony, ensuite bath, and
tray ceiling. Two additional bedrooms each offer their own walk-in
closet & ensuite bath. A dedicated storage room adds even more
functionality. Step outside to experience your own private resort.
A covered walkway leads to the detached 3-car garage, topped by a
guest apartment featuring its own balcony, living room, dining
area, kitchen with pantry, bedroom, full bath, laundry room, &
storage, making it ideal for guests, multigenerational living, or
rental income. The fenced backyard is an entertainer's dream with a
sparkling pool & hot tub, lush landscaping, a firepit with seating
area, & breathtaking views of the surrounding mature trees. Located
less than 10 minutes from the airport, just a golf cart ride to
Berry Creek Country Club, & close to shopping, dining, & recreation
with easy access to I-35 & TX-195.
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.
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