1500 Vernon Drive
About This Property
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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 |
|---|---|---|---|
| Mar 10, 2023 | Sold | ||
| Sold | |||
| Jan 24, 2023 | Listed by Century 21 Mike Bowman, Inc. | $350,000 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
| | |||
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This beautiful 3-bedroom, 2-bathroom, 2-car garage home is located in the desirable city of Frisco, Texas. The property boasts a spacious open floor plan with ample natural light, making it perfect for entertaining or relaxing with family and friends. The kitchen features stainless steel appliances, granite countertops, and a breakfast bar, perfect for meal prep or casual dining. The bedrooms are comfortably sized, and the master suite features a large walk-in closet and en-suite bathroom.
The home is located in a prime location, just minutes away from the proposed new Universal Studios theme park and all the shopping, dining, and entertainment options that Frisco has to offer. The neighborhood is quiet and well-maintained, and the backyard is perfect for outdoor gatherings and enjoying the beautiful Texas weather.
Don't miss out on the opportunity to own this wonderful home in one of the fastest-growing cities in the country. Schedule your showing today!
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| Jul 24, 2019 | Sold | ||
| Sold | |||
| May 10, 2019 | Listed by Toby Jones | $216,590 | |
| Listed by Toby Jones | |||
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14088122
Details provided by NTREIS and may not match the public record
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