1268 Greenbelt Drive
About This Property
perfect blend of style and comfort and features plantation shutters and LVP flooring in common areas. Open-concept floor plan for modern living and entertaining with a gorgeous stone fireplace as a focal point in the living room and separate dining room to accommodate dinner with family and friends. Gourmet kitchen includes gas stove, SS appliances and exquisite finishes. The primary retreat is separate from the three secondary rooms allowing for privacy. Situated in the Gateway community, homeowners have access to swimming pool, park and fitness facilities. Conveniently located near restaurants, shopping and entertainment with easy access to Hwy 80 and I-20 for a smooth commute.
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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 |
|---|---|---|---|
| Jun 17, 2025 | Sold | ||
| Sold | |||
| May 11, 2025 | In contract | - | |
| In contract | |||
| Mar 4, 2025 | Listed by Keller Williams Rockwall | $340,000 | |
| Listed by Keller Williams Rockwall | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017