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1429 Alpine Drive
About This Property
Outdoor entertaining area features an expansive patio beneath a wood pergola, built-in seating walls, outdoor bar, dining and lounge areas, landscaped fenced yard and Jacuzzi hot tub. Outdoor patio furniture and hot tub included.
Two complete 4-ton, 16-SEER HVAC systems installed August 2022 with transferable 10-year parts warranty. GAF Grand Sequoia designer-shingle roof installed October 2023 with transferable lifetime workmanship warranty. Garage includes 220V EV charging wiring and exterior Tesla Universal Wall Charger.
Currently zoned for Boon Elementary, Ereckson Middle and Allen High School, subject to district verification. Twin Creeks paved trails approximately 0.1 mile away via Italy Drive, connecting wooded green spaces, parks and playgrounds. Nearby recreation includes Twin Creeks Golf Club, TPC Craig Ranch, soccer and softball facilities. Approximately 5 minutes to SH 121 and US 75; DFW Airport approximately 30 minutes in normal traffic. Shopping, dining, medical care and fitness facilities nearby.
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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 |
|---|---|---|---|
| Nov 5, 2026 | In contract | - | |
| In contract | |||
| Oct 28, 2026 | Listed by Listing Results, LLC | $679,900 | |
| Listed by Listing Results, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017