238 E Cherry Point 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 |
|---|---|---|---|
| Oct 4, 2023 | Sold | ||
| Sold | |||
| Jul 20, 2023 | Listed by JPAR - Addison | $90,000 | |
| Listed by JPAR - Addison | |||
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This extraordinary oversized lot spans an impressive 0.4560 acres and is ideally situated in close proximity to the renowned University of North Texas Dallas campus. Nestled in the heart of the Historic South Oak Cliff Area, this conveniently located land offers easy access to Interstates 20 and 35, granting effortless connections to the bustling city and beyond. Your future house could be the perfect blend of style and comfort, this remarkable property is an excellent choice for those seeking a sophisticated living space, with the added bonus of being just minutes away from the thriving downtown Dallas and the charming Bishop Arts district. Embrace the exceptional opportunity to build your dream home or investment property on this unparalleled piece of Dallas real estate, where the possibilities are as vast as the Texas sky!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017