1500 Drexel Court
About This Property
Enjoy modern conveniences such as an outdoor Jellyfish lighting system, a smart sprinkler system, a whole-home water softener, and built-in speakers downstairs with a Sonos amplifier. Step into your private backyard oasis, complete with a saltwater pool, spa, and a covered patio-perfect for relaxing or entertaining year-round. Located near a scenic greenbelt with jogging and biking trails, this home offers access to a community pool, clubhouse, and playground within the desirable Allen ISD. Plus, enjoy the convenience of being just minutes from Watters Creek, shopping, and dining! This home won't last long-schedule your showing today!
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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 |
|---|---|---|---|
| Mar 28, 2025 | Sold | ||
| Sold | |||
| Feb 19, 2025 | In contract | - | |
| In contract | |||
| Feb 6, 2025 | Listed by Keller Williams Realty DPR | $700,000 | |
| Listed by Keller Williams Realty DPR | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017