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1316 Durango Springs Drive
About This Property
Welcome to 1316 Durango Springs Drive in Fort Worth, a custom traditional home in the highly desirable Spring Ranch Addition within Northwest ISD. Set on a landscaped interior lot with mature trees, sprinkler system, wood and wrought iron fencing, and a spacious backyard, this property is built for flexible living, entertaining, storage, and everyday comfort. Inside, the open living area features vaulted ceilings, a stone fireplace, built-in cabinetry, wood floors, and large windows that bring in natural light and backyard views. The kitchen offers granite counters, breakfast bar, island, pantry, gas cooktop, built-in cabinetry, eat-in space, and a natural connection to the dining, living, and sunroom areas. The private primary suite includes a sitting area, dual sinks, garden tub, separate shower, separate vanities, linen storage, and walk-in closet. A split-bedroom layout adds privacy, while additional bedrooms include walk-in closets and flexible bath access. The home also includes a large utility room with built-ins, drip-dry area, freezer space, and full-size washer and dryer area. Outdoors, enjoy a resort-style pool with safety cover and spa, covered patio, garden areas, gazebo, several beautiful trees including fruit trees, Fire Pit, Horseshoe pit and a 415-square-foot guest house for flexible use. Vehicle, hobby, and storage needs are well served by the attached oversized 3-car garage plus an additional oversized 2-car garage with workshop potential, epoxy flooring, garage openers, RV or boat parking, and extra storage. This 4-bed single family home in Spring Ranch also offers community access to a park, playground, perimeter fencing, and HOA-managed facilities.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017