2407 Buchanan Lane
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 |
|---|---|---|---|
| Aug 29, 2023 | Sold | ||
| Sold | |||
| Aug 1, 2023 | Listed by JPAR - Addison | $289,900 | |
| Listed by JPAR - Addison | |||
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Welcome to your dream home! This almost brand new house is nestled in a sought-after master-planned community near Lake Ray Hubbard. As you step inside, you'll be welcomed by an abundance of natural light that fills the open concept layout. The well-equipped kitchen boasts granite countertops, gas cooking, and a stylish backsplash. This home offers ample space with 3 bedrooms and 2 bathrooms, providing comfort and convenience for your family. Spacious primary bedroom complete with an ensuite bath featuring a large shower, dual sinks, and plenty of under cabinet storage. Step outside to the generously sized fenced backyard, featuring a covered patio, ready to be transformed into your ideal outdoor space. Located in the highly rated Forney Independent School District. With community amenities like a pool, jogging path, bike path, park, & playground, you'll have everything you need to embrace a vibrant lifestyle. Schedule your showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017