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2116 Cannes Drive
About This Property
Thirty-plus years with the same family, and it shows in all the right ways - fresh paint throughout, energy-efficient window screens already in place, and updates made with intention rather than a quick flip in mind. At 3,657 square feet, this is a home that's been cared for, not just occupied.
Downstairs, the primary suite gives you real separation from the rest of the house - quiet, private, and away from the daily traffic. Upstairs, three additional bedrooms are all oversized, each with huge, ample walk-in closets - genuinely more storage than most households will ever need. A loft and a large bonus ormedia room round out the upstairs, flexible enough for a gameroom, homeschool space, media setup, or all three depending on your needs.
Out back, it's not about the space - it's about privacy. An 8-foot privacy fence turns the backyard into a true retreat, not a yard on display for the neighbors.
And then there's the walkability, which is rare for a home this size: Josey Ranch Athletic Complex, Josey Ranch Pond, its greenbelt and walking trails, and the Carrollton Library and Senior Center are all within walking distance. For daily life beyond the neighborhood, it's an easy shot to the DART Park & Ride, I-35E, Highway 121, and the George Bush Turnpike - commuting into Dallas or up through Denton County either way.
Homes with one owner for over three decades, this much storage, and this kind of walkable, quiet setting don't sit around in Carrollton - and this one won't either.
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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%.
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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 |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$500,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Aug 29, 2026 | Listed by Jason Mitchell Real Estate Texas | $515,000 | |
| Listed by Jason Mitchell Real Estate Texas | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017