40
Map
306 Fairfax Drive
About This Property
The spacious layout features a separate bar area between the dining room and kitchen, a convenient work niche in the breakfast area, and a soaring vaulted ceiling in the formal living room. An 8-foot privacy fence surrounds the backyard, where a covered flagstone patio provides the perfect space for relaxing or entertaining. The storage shed will remain with the property for the new owners.
Recent improvements provide both comfort and peace of mind, including fresh interior paint, a new HVAC system (2024), a new roof (2024), and updated light fixtures and ceiling fans throughout the home.
Beautiful curb appeal and professionally designed landscape lighting create an impressive presence day and night. Residents enjoy easy walking access to the elementary school, parks, community pool, clubhouse, tennis courts, and scenic hike-and-bike trails leading to shopping and dining at Watters Creek. Located within the highly acclaimed Allen ISD and offering convenient access to Highway 75, this exceptional home truly has it all.
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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 5, 2026 | Price Decreased |
$499,000
↓ $26K
(5%) | |
| Price Decreased | |||
| Aug 6, 2026 | Listed by U Property Management | $525,000 | |
| Listed by U Property Management | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017