1236 Wedgewood Drive
About This Property
Devonshire is known for its well-maintained parks, walking trails, and a strong sense of community. Community amenities are in abundance with two pools, volleyball court, basketball court, a lake with walking trails, playground, and huge dog park. North Forney High school, Signature Kroger, Tom Thumb, Walmart, are conveniently located within a 15 minute drive, and approximately 30 minutes to downtown Dallas. Commuting is easy with access to nearby major highways, placing you just minutes away from shopping, dining, and entertainment options. This home is a rare find – meticulously cared for, ideally located, and move-in ready. Don't miss the opportunity to make this delightful home your own!
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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 |
|---|---|---|---|
| Jan 24, 2025 | Sold | ||
| Sold | |||
| Jan 9, 2025 | In contract | - | |
| In contract | |||
| Dec 21, 2024 | Price Decreased |
$300,000
↓ $20K
(6.3%) | |
| Price Decreased | |||
| Dec 11, 2024 | Price Decreased |
$320,000
↓ $20K
(5.9%) | |
| Price Decreased | |||
| Nov 26, 2024 | Relisted | $340,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017