1654 Mannheim Drive
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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%.
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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 |
|---|---|---|---|
| Jan 27, 2023 | Sold | ||
| Sold | |||
| Dec 9, 2022 | Listed by RE/MAX DFW Associates | $558,000 | |
| Listed by RE/MAX DFW Associates | |||
| | |||
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Located two miles from The Harbor at Lake Ray Hubbard. This custom is sure to impress. Former model home on an oversized corner lot with extra landscaping. Brick & Stone exterior provide a nice walk up with several magnolia trees. Inside, 20 feet ceilings greet your arrival with window filled views to backyard. Today's desired open concept floor plan as kitchen opens to living room. Huge work island in chef's kitchen with bar top seating, 42 inch cabinets, subway tile backsplash, granite countertops, ss appliances & gas stove. Formal dining with coffered ceilings, separate office and primary bedroom located downstairs. Spacious primary bedroom with awesome bath setup - jacuzzi tub, separate shower, separate vanities and huge walk in closet. Four bedrooms are located upstairs; each have a walk-in closet. Two of the guest bedrooms have ensuite bathrooms. Gameroom and media also upstairs. Neutral color palette throughout. Fenced backyard, covered patio, gated driveway and more.
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| Nov 8, 2022 | No longer available | - | |
| No longer available | |||
| Oct 15, 2022 | Price Decreased |
$575,000
↓ $24K
(4%) | |
| Price Decreased | |||
| Sep 23, 2022 | Relisted | $599,000 | |
| Relisted | |||
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About Rockwall
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017