1225 Granger Drive
About This Property
Very spacious house build by First Texas Homes. House is loaded with upgrades. Master bedroom downstairs with separate vanities. Two separate master bedroom walk in closets. Second room downstairs have build in cabinets and have full bath. Study room downstairs. Large beautiful kitchen with lots of upgrades including pendant lights. All rooms have ceiling fans. Build in speakers in living area, master bathroom and patio for music lovers. 3 Car Garage. Huge media room and Game room. House is located in the sought after Willow Wood Community that is in the acclaimed Melissa ISD!
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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%.
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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 18, 2022 | Sold | ||
| Sold | |||
| Mar 13, 2022 | Listed by RW Properties, LLC | $750,000 | |
| Listed by RW Properties, LLC | |||
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20009142
Details provided by NTREIS and may not match the public record
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Address: 335 Madison Avenue, New York, NY 10017