2602 Posey Drive
About This Property
Key Features:
Prime Location: Situated in the highly sought-after Highland Meadows subdivision, this property offers the perfect blend of tranquility and accessibility. Enjoy the peaceful neighborhood while still being conveniently close to schools, shopping, dining, and major highways.
Generous Living Space: With four bedrooms and two and a half bathrooms, this home provides ample space for families of all sizes. The open-concept design creates a seamless flow from the living area to the kitchen, making it ideal for both daily living and entertaining.
Move-In Ready: This home has been meticulously maintained and is ready for you to move in and start creating lasting memories.
Mesquite School District. *Buyer and agent to confirm all information* 24HR notice needed to show
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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 |
|---|---|---|---|
| Apr 27, 2024 | No longer available | - | |
| No longer available | |||
| Apr 17, 2024 | Sold | ||
| Sold | |||
| Apr 3, 2024 | In contract | - | |
| In contract | |||
| Nov 11, 2023 | Relisted | $330,000 | |
| Relisted | |||
| Nov 8, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017