2721 Eganridge Lane
About This Property
Bird watcher alert! Enjoy a gorgeous view of a wooded greenbelt home to many birds. This immaculate one-owner, single story home is in the popular Shores community. It offers privacy in a natural setting. The home features an open concept floor plan as well as a split bedroom arrangement.
The family room, kitchen and dining area all have gorgeous views. The spacious kitchen has room for a breakfast table in addition to the breakfast bar. The primary suite includes a separate shower and tub with double vanity. Updates include roof replacement in 2017 and the hot water heater 2019. The master closet has custom racks and shelving. Located a block from Nebbie Williams Elementary in the award winning Rockwall ISD. Updates include hot water heater and roof. HOA amenities include covered tennis courts, pool, clubhouse, gym and parks.
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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 |
|---|---|---|---|
| Mar 3, 2023 | Sold | ||
| Sold | |||
| Jan 12, 2023 | Listed by Dave Perry Miller Real Estate | $350,000 | |
| Listed by Dave Perry Miller Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017