1526 Silver Spur Drive
About This Property
Property features an open floor-plan with plenty of natural light, and a quaint backyard with pergola and Oklahoma flagstone patio. Upgrades include recessed lighting, quartz countertops, and stainless steel appliances in the kitchen. Updated fixtures, paint, and luxury vinyl plank flooring throughout. The roof is less than a year old, and HVAC is less than 7yrs old. The home has a 2 car rear entry garage, spacious family room, corner fireplace, formal dining, split primary bedroom with dual sinks, garden tub, separate shower, and walk in closets. Enjoy the community pool, jogging trail, bike path, park, ponds and fountains, all within walking distance! Renowned Allen ISD, and minutes from Eagle Stadium, shopping, restaurants, entertainment, and Hwy 75.
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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 |
|---|---|---|---|
| Aug 2, 2024 | Sold | ||
| Sold | |||
| Jul 14, 2024 | In contract | - | |
| In contract | |||
| Jul 12, 2024 | Listed by Ebby Halliday, Realtors | $439,900 | |
| Listed by Ebby Halliday, Realtors | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017