2902 Skylark DR
About This Property
Beautifully remodeled 4 bed/2 bath in coveted Allandale with great curb appeal. Home boasts wonderful natural light, hardwood floors and high-end finishes throughout. 324 square foot ADU in the backyard, perfect for an office, workout room, studio, etc. All new plumbing and foundation (with transferable warranty), updated less than 2 years ago. Relax or entertain in the backyard with multiple fruit trees (avocado, Meyer lemon, peach, fig, Cara Cara orange). Prime location within the neighborhood, just minutes to Northwest Park and tons of restaurants/shopping on Burnet RD (Juiceland, Bartletts, Mama Bettys, etc.). Feeds into highly rated schools. Pride in ownership shows, must see this gem! *Square footage does not include the ADU*
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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 |
|---|---|---|---|
| Jul 8, 2026 | In contract | - | |
| In contract | |||
| Jun 27, 2026 | Price Decreased |
$1,100,000
↓ $95K
(8%) | |
| Price Decreased | |||
| May 6, 2026 | Price Decreased |
$1,195,000
↓ $85K
(6.6%) | |
| Price Decreased | |||
| Apr 16, 2026 | Listed by Compass RE Texas, LLC | $1,280,000 | |
| Listed by Compass RE Texas, LLC | |||
| Sep 12, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017