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2804 Elk Grove Road
About This Property
Inside, a spacious front foyer opens into the main living area featuring vaulted wood-beamed ceilings, arched doorways, and a cozy brick wood-burning fireplace. The updated kitchen is a true centerpiece with new cabinetry, modern countertops, and a custom kitchen island designed for everyday living and easy entertaining. Brand-new windows throughout bring in beautiful natural light while adding comfort and efficiency.
Step outside to an oversized interior lot with a large grassy backyard, wood privacy fence, and spacious covered patio perfect for relaxing, grilling, or hosting. With no HOA and quick access to I-35E, President George Bush Turnpike, and the Dallas North Tollway, this location offers both convenience and charm in one of Carrollton's established neighborhoods.
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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 |
|---|---|---|---|
| Jul 8, 2026 | Sold | ||
| Sold | |||
| Jun 8, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Listed by Latitude Key Inc. | $415,000 | |
| Listed by Latitude Key Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017