3340 Florance Road
About This Property
A dedicated office or flex space on the main level adds versatility for work, guests, or play. The first floor primary suite offers a relaxing retreat with a soaking tub, separate shower, and dual sinks, while three additional bedrooms and a loft upstairs create a comfortable second living area.
Outside, the 1 acre lot gives you room to spread out-ideal for play, pets, gardens, or evenings around the fire pit.
Located just outside Ponder city limits with NO CITY TAXES, you still enjoy quick access to everyday essentials. 10 minutes to the new H E B, 15 minutes to Razor Ranch in Denton, and 13 minutes to Northlake Town Center now home to Tom Thumb. Groceries, dining, and shopping are all within an easy drive.
A rare blend of acreage, natural light, and convenience.
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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 |
|---|---|---|---|
| Oct 22, 2026 | Price Decreased |
$520,000
↓ $20K
(3.7%) | |
| Price Decreased | |||
| Aug 25, 2026 | Price Decreased |
$539,900
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$565,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Jun 19, 2026 | Listed by Newland Real Estate, Inc. | $575,000 | |
| Listed by Newland Real Estate, Inc. | |||
| Feb 8, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017