1237 Clifftop Lane
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 23, 2024 | Sold | ||
| Sold | |||
| Jun 20, 2024 | In contract | - | |
| In contract | |||
| Jun 7, 2024 | Listed by Briggs Freeman Sotheby's Int'l | $450,000 | |
| Listed by Briggs Freeman Sotheby's Int'l | |||
| | |||
|
Welcome to Meridian, a stunning collection of 53 clifftop urban homes offering breathtaking views of downtown and the Trinity River. This exclusive community is nestled in the heart of West Dallas, renowned for its vibrant hike-bike trails, the nearby Bishop Arts District, and an array of eclectic seasonal events. This exquisite home features an open floorplan designed for modern living. The upstairs nook is a versatile space, ideal for a home office. The home also includes a one-car garage and an additional covered carport area. Step outside to your private backyard, where treetop views, a charming patio, and a small turfed yard create an outdoor oasis. Entertain with ease at the bar, complete with a wine fridge. This home is situated in a secluded, private community with no shared walls, providing a tranquil living experience. Conveniently located just minutes from downtown Dallas and Love Field Airport, this home offers the perfect blend of urban excitement and peaceful retreat.
| |||
| Jun 25, 2020 | Sold | ||
| Sold | |||
| Sep 29, 2019 | Listed by PSW Homes, LLC | $399,975 | |
| Listed by PSW Homes, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017