249 Shale CIR
About This Property
The kitchen features granite countertops, a large breakfast bar, ample cabinetry, and an oversized walk-in pantry, making both everyday living and hosting effortless. A secondary bedroom and full bathroom on the main floor offer the perfect setup for guests, a home office, or multigenerational living.
Upstairs, you'll find a generous bonus room/loft that provides endless possibilities as a game room, media room, playroom, or additional living space. The spacious primary suite offers a relaxing retreat with an ensuite bath featuring dual vanities, a soaking tub, separate shower, and walk-in closet. Three additional bedrooms and a conveniently located upstairs laundry room complete the second level.
Step outside to enjoy the covered patio and private backyard with no rear neighbors, creating a peaceful setting for relaxing or entertaining. Conveniently located with easy access to IH-35, commuting is a breeze while still enjoying a neighborhood setting. Zoned to highly regarded Johnson High School, this home combines space, functionality, and an unbeatable location.
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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 24, 2026 | In contract | - | |
| In contract | |||
| Aug 17, 2026 | Listed by Compass RE Texas, LLC | $324,900 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017