1244 Caprock Drive
About This Property
The open floor plan features inviting living and dining spaces anchored by a corner gas-log fireplace. The well-appointed kitchen showcases quartz countertops, 42-inch custom cabinetry, a gas cooktop, built-in oven and microwave, a corner pantry, and seamless flow into the adjacent breakfast nook. Two bedrooms are conveniently located on the main level, including a spacious primary suite that serves as a private retreat with a bay window, walk-in closet, and an ensuite bath featuring an oversized shower and a freestanding tub.
Upstairs, a large media room with a projector provides the perfect space for movie nights and entertaining, while additional living areas offer flexibility for everyday life. The garage includes built-in shelving for added storage.
Step outside to a covered patio that opens to a pool and swim spa with upgraded equipment, including salt and chlorine activation, along with a pergola that enhances the outdoor living experience. The backyard is ideal for relaxing or hosting gatherings.
Gateway Parks offers an outstanding location with quick access to Highway 80 and I-20, making commuting simple while keeping shopping and dining close by. Community amenities include a clubhouse with pool, splash pad, gym, playgrounds, expansive green spaces, bike paths, and walking trails. The golf-cart-friendly neighborhood also offers bulk trash pickup as part of its maintenance services. With new retail, dining, a Home Depot, and HEB coming soon, this home delivers comfort, convenience, and a vibrant community lifestyle in the heart of Forney. ***ASSUMABLE LOAN AVAILABLE AT 4.85%.
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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 7, 2026 | Sold | ||
| Sold | |||
| Mar 27, 2026 | In contract | - | |
| In contract | |||
| Feb 16, 2026 | Price Decreased |
$475,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Feb 2, 2026 | Price Decreased |
$485,000
↓ $15K
(3%) | |
| Price Decreased | |||
| Jan 13, 2026 | Price Decreased |
$500,000
↓ $25K
(4.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017