318 Inverness Drive
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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 |
|---|---|---|---|
| Feb 8, 2021 | Sold | ||
| Sold | |||
| Nov 4, 2020 | Listed by The Michael Group Real Estate | $434,900 | |
| Listed by The Michael Group Real Estate | |||
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This amazing home has enough space for your large or multi-generation family! With 5 bedrooms and 3 full baths, everyone will have space to call their own. The down stairs has a very nice open concept plan with a large dining room, large family room with a wood burning fireplace, & a beautiful kitchen! The large home office is a great place to work from home or for remote learning. The roof is only 3 years old & all the windows were replaced in June 2020! You will love the huge backyard, complete with a brand new deck, a spacious shed, and your own sparkling swimming pool. The schools are some of the best in the state and Trophy Club was ranked the 4th safest city to live in TX for 2020! You will LOVE it here!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017