2420 Rawlins Lane
About This Property
Mansfield City Limits with Mansfield ISD!
Every detail of your stunning home was chosen with care! Designed for accessibility, the home features ADA-compliant ramps at all entry doors and a zero-threshold primary shower with handrails at the toilet and shower. Your home includes a media room, game room, formal dining, and an expanded primary suite! The garage was extended by 2 feet for added storage, and extra lighting was added in several rooms for flawless visibility. Wood-look tile runs through all main areas downstairs, with carpet only in bedrooms and closets. The chef's kitchen boasts a double oven, under-cabinet lighting, a massive California island that seats 4-5, abundant cabinetry, and a walk-in pantry that feels like a mini market. Host dinners in the formal dining room with passthroughs from both the entry and kitchen. Enjoy the huge covered back patio with dual ceiling fans.
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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 15, 2025 | Sold | ||
| Sold | |||
| Jul 15, 2025 | In contract | - | |
| In contract | |||
| Jul 4, 2025 | Listed by ListWithFreedom.com | $679,000 | |
| Listed by ListWithFreedom.com | |||
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About Mansfield
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Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20990827
Details provided by NTREIS and may not match the public record
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