2606 Westpoint Drive
About This Property
LOCATION, LOCATION, LOCATION! And price below market for a quick sale! Unlike many newer homes in the area, this property has NO MUD tax and NO PID tax, helping keep your monthly ownership costs lower. Built by a very popular local builder, Drees Custom Home! And, located in the highly sought-after Melissa ISD. 3 bedrooms, a dedicated study, 2 full bathrooms, and a rear-entry 2-car garage, offering both functionality and timeless curb appeal. The rear-entry garage provides the flexibility to install a sliding gate, creating additional privacy while expanding the usable backyard space for entertaining, children, or pets. Enjoy the convenience of being within walking distance of the community HOA Amenity Center, featuring resort-style swimming pools, scenic walking and biking trails, beautiful parks, playgrounds, and peaceful ponds-perfect for an active lifestyle and family enjoyment.
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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 24, 2026 | Price Decreased |
$339,900
↓ $100
(0%) | |
| Price Decreased | |||
| Aug 21, 2026 | Price Decreased |
$340,000
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Aug 12, 2026 | Price Decreased |
$345,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Aug 2, 2026 | Listed by T. Custom Realty | $350,000 | |
| Listed by T. Custom Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017