1600 Oleander Drive
About This Property
The open-concept floor plan is designed for modern living, creating a seamless connection between the living, dining, and kitchen areas. Anchoring the main living space is a beautiful stone fireplace, while the kitchen features granite countertops, stainless steel appliances, abundant cabinetry, and a breakfast nook overlooking the backyard.
Privately situated at the rear of the home, the spacious primary suite serves as a relaxing retreat with dual vanities, a soaking tub, walk-in shower, and generous walk-in closet. The split-bedroom arrangement provides additional privacy and flexibility for family, guests, or a home office setup.
Enjoy Texas evenings from the covered back patio, offering plenty of space for outdoor dining, entertaining, or simply unwinding after a long day. Fully fenced yard. Additional highlights include spray foam insulation for year-round energy efficiency and an epoxy-coated garage floor for durability and easy maintenance.
Conveniently located in Tolar ISD and just minutes from local dining, shopping, and recreation, this move-in-ready home delivers quality craftsmanship, practical design, and small-town charm in one exceptional package.
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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 | |||
| May 31, 2026 | Listed by Keller Williams Lonestar DFW | $359,888 | |
| Listed by Keller Williams Lonestar DFW | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017