3147 Sanctuary Drive
About This Property
Deed Restrictions is min 2200SF living space but City of Grand Prairie requires a min 2400SF on a 2 story
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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 |
|---|---|---|---|
| Feb 1, 2023 | Sold | ||
| Sold | |||
| Jan 10, 2023 | Listed by Compass RE Texas, LLC | $180,000 | |
| Listed by Compass RE Texas, LLC | |||
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Located at the Sanctuary at Lake Ridge, this lot features lakeside living next to Joe Pool Lake, a gated community, and close proximity to restaurants and shopping. Build must be min 2,200 sqft, 2,400 sqft for a 2 story home.
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| Mar 28, 2022 | Sold | ||
| Sold | |||
| Feb 8, 2022 | Listed by United Real Estate | $155,000 | |
| Listed by United Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017