175 Wedgewood Drive
About This Property
Nestled on two spacious lots, this 2-bedroom 2-bath home offers the perfect blend of room both outside and inside with it's open floor plan. Surrounded by beautiful shade trees, the peaceful yard with sitting area on the side deck is ideal for relaxing mornings with a cup of coffee while listening to the birds sing. Walk inside to open living, dining and kitchen area. Recently installed vinyl plank flooring and fresh paint through out home. The 21 x 24 workshop is perfect for the outdoor tools or use it as a one car garage. The property has well water for keeping the yard watered. HOA includes park and boat ramp. Located in the heart of Gun Barrel City, this home provides convenient access to all that Gun Barrel and nearby Mabank have to offer, including shopping and dining. With quick access to Highway 175, you're just a 45-minute commute from Dallas, perfect for those who want a serene escape with easy city access.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jul 9, 2025 | In contract | - | |
| In contract | |||
| Jun 2, 2025 | Price Decreased |
$100,000
↓ $12K
(10.7%) | |
| Price Decreased | |||
| May 27, 2025 | Price Decreased |
$112,000
↓ $1K
(0.9%) | |
| Price Decreased | |||
| May 20, 2025 | Price Decreased |
$113,000
↓ $1K
(0.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017