2820 Tanner Street
About This Property
This home boasts, a spacious open-concept layout, large bedrooms, epoxy painted garage floor, 2in blinds throughout, under kitchen cabinet lighting, radiant barrier, granite counter tops, SS appliances and breakfast bar. This home is on a large corner lot, and backs up to a stocked community pond you can enjoy from the patio, no rear neighbors! The home is conveniently located near I-20 and USHWY 80 in Forney Texas, one of the fastest growing small towns less than 30-miles from downtown Dallas. Forney schools are ranked among some of the highest in North Texas.
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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 |
|---|---|---|---|
| Sep 17, 2020 | Sold | ||
| Sold | |||
| Aug 14, 2020 | Listed by Texas Premier Realty | $232,000 | |
| Listed by Texas Premier Realty | |||
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14413317
Details provided by NTREIS and may not match the public record
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