215 Lakeridge Drive
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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 |
|---|---|---|---|
| Jul 17, 2020 | Sold | ||
| Sold | |||
| Jul 12, 2020 | Listed by Paragon Realtors | $550,000 | |
| Listed by Paragon Realtors | |||
| Jun 14, 2019 | No longer available | - | |
| No longer available | |||
| Mar 7, 2019 | Price Increased |
$345,000
↑ $15K
(4.6%) | |
| Price Increased | |||
| Feb 28, 2019 | Listed | $330,000 | |
| Listed | |||
| | |||
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Bring your hammer and imagination to this full renovation opportunity in the most desirable section of Old Lake Highlands. Property needs everything for a flip, expansion, or a makeover for a rental unit. Quick trip to Norbuck Park, Flag Pole Hill, White Rock Lake, and nearby shopping and dining. The manager has listed the unit size as 2145 square feet.
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About Northeast Dallas
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14387641
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017