405 Leaning Tree Road
About This Property
Gourmet kitchen: Features granite counters, stainless steel appliances, a gas cooktop, double convection ovens, and a functional island.
Thoughtful design: Split-bedroom layout for privacy, updated bathrooms, and a large laundry room that doubles as a mudroom or pantry.
Outdoor oasis: A sparkling gunite pool with built-in deck seating, a fenced backyard, and open views of lush NEWLY fenced green pasture. Versatile space: Room for horses, RV or boat parking, and the potential for a workshop or other projects. Located in the highly rated Krum ISD and just minutes from city amenities, this property is ideal for blending tranquility with convenience. Perfect for those looking to entertain, relax, or create their dream lifestyle!
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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 |
|---|---|---|---|
| Mar 13, 2025 | Sold | ||
| Sold | |||
| Feb 15, 2025 | In contract | - | |
| In contract | |||
| Jan 30, 2025 | Listed by Keller Williams Realty Allen | $652,943 | |
| Listed by Keller Williams Realty Allen | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017