2602 Cypress Drive
About This Property
Solar panels will be paid off at closing with a reasonable offer-enjoy huge savings on utilities (as low as $40 month)!
This one-story stunner sits on over half an acre, backing to a peaceful greenbelt. You'll find space for everyone with 4 bedrooms, 3.5 baths, a media room, game room, private study, and a 3-car garage.
The kitchen is perfect for entertaining with 2 islands, double ovens, a gas cooktop, and a butler's pantry that connects to the formal dining. There's also a breakfast nook for casual meals.
The primary suite is a retreat with a garden tub, separate shower with bench, dual vanities, and a massive walk-in closet. Each bedroom has a walk-in closet-two share a Jack-and-Jill bath, and the fourth bedroom has its own private en-suite.
New carpet just installed in all bedrooms, media, and game rooms.
Step outside to your backyard oasis: covered patio with gas fireplace, in-ground pool & spa, and travertine patio + in-pool bar seating
Located in top-rated Rockwall ISD!
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Cap Rate Calculator
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 20, 2025 | Sold | ||
| Sold | |||
| Jul 18, 2025 | In contract | - | |
| In contract | |||
| Jul 8, 2025 | Price Decreased |
$1,068,000
↓ $22K
(2%) | |
| Price Decreased | |||
| Jun 28, 2025 | Price Decreased |
$1,090,000
↓ $10K
(0.9%) | |
| Price Decreased | |||
| May 25, 2025 | Price Decreased |
$1,100,000
↓ $25K
(2.2%) | |
| Price Decreased | |||
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About Rockwall
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Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20890209
Details provided by NTREIS and may not match the public record
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Address: 335 Madison Avenue, New York, NY 10017