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1612 Balboa Lane
About This Property
Enjoy the convenience of smart home features, including a video doorbell, Wi-Fi thermostat, and Wi-Fi sprinkler system. The 2-car garage features an epoxy floor, while the nicely sized backyard offers plenty of room for a pool, playscape, trampoline, or your own dream outdoor living space.
Located in highly sought-after Allen ISD, this home is just minutes from Watters Creek Village, Allen Premium Outlets, and The Village at Allen, with easy access to major highways, shopping, dining, and entertainment. A wonderful opportunity to enjoy comfort, flexibility, and an unbeatable Allen location!
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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 |
|---|---|---|---|
| Aug 19, 2026 | Listed by Redfin Corporation | $400,000 | |
| Listed by Redfin Corporation | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017