2406 Waters Edge Drive
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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.
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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 |
|---|---|---|---|
| Sep 19, 2023 | Sold | ||
| Sold | |||
| Jul 13, 2023 | Listed by Re/Max Trinity | $749,000 | |
| Listed by Re/Max Trinity | |||
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Welcome home to Waterfront! This Freshly renovated 4 bed, 2.5 bath, 2302 sq. ft home is situated on Lake Granbury in the desirable Water's Edge Community. Exquisite curb appeal with newly painted exterior & mature landscaping welcomes you into a spacious open concept boasting vaulted ceilings, a fireplace, modern fixtures, updated staircase railing & abundant windows with lake views. Prepare meal's in your eat- in kitchen complemented by granite countertops, walk in pantry & opening up to formal dining. A large downstairs bedroom that could be used as a 2nd living space –with direct patio access. The Primary bedroom showcasing and ensuite bath, & 2 other bedrooms are located upstairs. Enjoy beautiful Lake Granbury from your private boat lift & jet ski ramp or relax and take in the sun from your large deck. An oversize pergola gives shade to outdoor entertaining & fenced for privacy. Conveniently located close to golf, shopping & restaurants!
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| Dec 21, 2020 | Sold | ||
| Sold | |||
| Nov 16, 2020 | Listed by Knieper Realty, Inc. | $425,000 | |
| Listed by Knieper Realty, Inc. | |||
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Welcome home! This beautiful red brick home is just one block from main body water on Lake Granbury in the desirable Water's Edge Community. This well maintained home has pristine, mature landscaping and offers a spacious living area open to the dining room. The back of the house boasts a large den space which would be perfect for a secluded home office. All bedrooms are upstairs and the Master has a nice en-suite bath with a large soaking tub and separate shower. Enjoy access to beautiful Lake Granbury from your private boat lift and relax and take in the sun from your large deck. Water's Edge features a greenbelt and the amenities include a community pool and clubhouse, spa, workout room-gym and security.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017