3850 Underwood Lane
About This Property
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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 26, 2025 | Sold | ||
| Sold | |||
| Jan 31, 2025 | Listed by Fathom Realty, LLC | $575,000 | |
| Listed by Fathom Realty, LLC | |||
| Jan 28, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Dec 31, 2024 | Price Decreased |
$589,000
↓ $6K
(1%) | |
| Price Decreased | |||
| Nov 7, 2024 | Listed by MARK SPAIN REAL ESTATE | $595,000 | |
| Listed by MARK SPAIN REAL ESTATE | |||
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Welcome to 3850 Underwood Ln in Midlothian, TX. This home features an open floor plan perfect for entertaining. Enjoy a light-filled living area and a gourmet kitchen with sleek countertops, ample cabinetry, and stainless steel appliances. The primary suite offers a luxurious en-suite bath, including dual vanities. Step outside to a generous backyard, ideal for gatherings or quiet relaxation. Located in a welcoming neighborhood close to excellent schools, shopping, and dining, this home is a dream come true!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017