2234 Springhill Drive
About This Property
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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 |
|---|---|---|---|
| Apr 11, 2024 | Sold | ||
| Sold | |||
| Jan 16, 2024 | Listed by Texas Elite Realty | $499,990 | |
| Listed by Texas Elite Realty | |||
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Oversized creek lot minutes from White Rock Lake and the Dallas Arboretum! Abundant natural lighting throughout the house, hardwood floors, and a huge backyard. Kitchen has stainless steel appliances, granite countertops, and built-in wine rack! Large backyard has plenty of space for fun for kids and adults or enjoy the view from under the covered patio. This home was previously an Air BNB so all furniture may convey with the property. Information provided is deemed reliable, but is not guaranteed and should be independently verified by the buyer.
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| Apr 23, 2021 | Sold | ||
| Sold | |||
| Mar 5, 2021 | Listed by DFW Elite Living | $430,000 | |
| Listed by DFW Elite Living | |||
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Don't miss out on this stunning 3bed 2bath home on a HUGE creek lot just minutes from White Rock Lake and the Dallas Arboretum! This beautiful home boasts original hardwood floors throughout. The kitchen opens up to a second living room and features new fixtures, granite countertops, custom cabinets with lots of storage, SS appliances, large pantry, and a built in wine rack. Remodeled guest bathroom includes new fixtures, double sinks, a large linen closet, and travertine countertops. Home has spacious bedrooms, master suite features his and her closets. Step into the backyard and enjoy a large covered patio, separate sitting area with a built-in fireplace & grill. New furnace and garage door added in 2020.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017