209 Waterford Drive
About This Property
This newly constructed home by Barcelona Custom home features an open-concept layout with generous living spaces and large windows that provide ample natural light. The kitchen is equipped with quartz countertops, custom cabinetry, and modern fixtures. Luxury bathrooms offer sleek tile finishes, and spacious closets provide ample storage. Custom finishes and detailed millwork are found throughout the home, reflecting the builder's commitment to quality and craftsmanship. A covered patio overlooks the backyard, offering space for outdoor living. Situated on a 2 acre lot in the Graystone Estates community, the home provides privacy, room to grow, and the flexibility of rural living-horses allowed, no HOA, and a private water well for added independence. Built with durable materials and thoughtful design, this home is move-in ready and designed for everyday comfort. Residents of Graystone Estates enjoy prairie views and a quiet natural setting, while still benefiting from easy access to nearby cities. The property is conveniently located just 10 minutes from Weatherford and approximately 45 minutes from Fort Worth, making commuting and daily errands simple. A third-party 10-year structural warranty is included for added peace of mind. School District: Millsap ISD
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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 |
|---|---|---|---|
| Oct 14, 2026 | Price Decreased |
$508,900
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Sep 8, 2026 | Listed by Real Broker, LLC | $509,900 | |
| Listed by Real Broker, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017