3509 Spring Mountain Drive
About This Property
Former Drees model. Curved staircase, formal living & dining rm. The kitchen is a chef's delight opening to the great room with FP and a wall of windows. Open floorplan is designed to entertain. Master retreat on the first floor with a sitting area & spa-like master bath. Adjacent study with a full bath. Upstairs is ideal for the entire family to gather. Gameroom with a separate media room. Spacious yard with room for a pool and a side yard for pet. HVAC, water heater, roof replaced within 3 years. Walk to the community pool, Russell Creek Park and Skaggs elementary. Public School review rates Skaggs in the top 5% in Tx. Within minutes of Hwy 121 & 75.
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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 6, 2021 | Sold | ||
| Sold | |||
| Jun 6, 2021 | Listed by Cindy McCarty & Associates | $675,000 | |
| Listed by Cindy McCarty & Associates | |||
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MULTIPLE OFFERS RECEIVED-DEADLINE IS WEDNESDAY 6-16-1 PM.
Former Drees model. Curved staircase, formal living & dining rm. The kitchen is a chef's delight opening to the great room with FP and a wall of windows. Open floorplan is designed to entertain. Master retreat on the first floor with a sitting area & spa-like master bath. Adjacent study with a full bath. Upstairs is ideal for the entire family to gather. Gameroom with a separate media room. Spacious yard with room for a pool and a side yard for pet. HVAC, water heater, roof replaced within 3 years. Walk to the community pool, Russell Creek Park and Skaggs elementary. Public School review rates Skaggs in the top 5% in Tx. Within minutes of Hwy 121 & 75.
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Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14594438
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