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1400 Fairlakes Pointe Drive
About This Property
Upon entry, you're welcomed by soaring ceilings and detailed architectural elements, with 2 flex areas, private office, and a front living space. The main living area opens to a spacious kitchen, creating a seamless flow for gatherings. The kitchen features abundant cabinetry, generous prep space, a new cooktop and sink, and an adjacent multi-use area perfect for a coffee bar, wine station, or additional storage. A utility room with its own sink adds everyday convenience.
The primary suite is privately positioned and showcases peaceful golf course views, along with an updated en-suite bath designed for comfort. Upstairs, the home offers exceptional flexibility with two bedrooms connected by a Jack and Jill bath, plus an oversized bedroom with a private bath that can function as a second primary suite. A large upstairs living area with built-ins provides the perfect setting for an additional lounge space.
Outdoors, a covered patio and pergola overlook the golf course, creating a private and scenic setting for relaxing or entertaining. With no rear neighbors, the backyard offers both privacy and uninterrupted green views.
Residents of The Shores enjoy access to a wide range of amenities, including a clubhouse, pool, tennis courts, fitness center, parks, and walking trails. Conveniently located near Lake Ray Hubbard, shopping, dining, and major commuting routes, this home delivers a balance of lifestyle, space, and location in one of Rockwall's most established communities.
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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