307 Madisson Drive
About This Property
CLEAN, well-maintained, and minutes from DFW airport, come see this rare find in the Bear Creek community! You will love the 3 bedroom, 2 bath, split floorplan with open concept, vaulted ceilings, and a gas fireplace. Updates include a new water heater in 2018, updated soffit, facia, and exterior paint in 2019, new gutters in 2000, new roof in 08-2021, 8 ft board-on-board cedar privacy fencing in 2017, new garage door opener with MyQ app in 2019, Ring security system, attic is floored for storage, and more! The large owner's suite includes jetted bathtub and huge walk-in closet. Bring kids and or pets to this friendly community and enjoy walks to the private neighborhood park! In A-rated HEB school district, with easy access to 183 and 121, enjoy all that the surrounding DFW area has to offer. This one will sell fast! Schedule to come see it today!
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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%.
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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 |
|---|---|---|---|
| Aug 15, 2022 | Sold | ||
| Sold | |||
| Jul 21, 2022 | Listed by Lone Star Realty | $340,000 | |
| Listed by Lone Star Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017