405 Heather Drive
About This Property
Charming 3BR, 2BA Home with 2-Car Garage in Great Granbury Location
Well-maintained single-story home featuring 3 bedrooms, 2 full baths, and an attached 2-car garage in a quiet neighborhood near Lake Granbury and the downtown square. Spacious kitchen offers ample cabinet space, stainless steel oven & range, dishwasher, vent hood, and Formica countertops. Oversized dining area with large picture window opens to a cozy living room with wood-burning stove.
Primary bedroom includes two closets and en-suite bath with walk-in shower. Two additional good-sized bedrooms and a second full bath. Full-size laundry room with storage. Enjoy the outdoors on the large covered patio overlooking a fenced backyard with a storage building, firepit area, and small fenced animal space.
Garage includes opener and extra storage or parking. Home is an estate sale and sold AS-IS. Appraised at $260,000 in December 2024. Convenient to shopping, dining, schools, medical, and recreational amenities.
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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 |
|---|---|---|---|
| Aug 28, 2025 | Sold | ||
| Sold | |||
| Jul 30, 2025 | In contract | - | |
| In contract | |||
| Jul 23, 2025 | Price Decreased |
$217,000
↓ $38K
(14.9%) | |
| Price Decreased | |||
| Jul 12, 2025 | Price Decreased |
$255,000
↓ $5K
(1.9%) | |
| Price Decreased | |||
| Mar 24, 2025 | Listed by AmeriPlex Realty, Inc. | $260,000 | |
| Listed by AmeriPlex Realty, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017