406 Peavy Road
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 |
|---|---|---|---|
| Oct 3, 2022 | Sold | ||
| Sold | |||
| Jul 8, 2022 | Listed by Briggs Freeman Sotheby's Int'l | $1,100,000 | |
| Listed by Briggs Freeman Sotheby's Int'l | |||
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'Once in a lifetime' applies to this spectacular property with breathtaking panoramic views of White Rock Lake, Downtown Dallas skyline & gorgeous Texas sunsets. Truly unique, it offers picturesque, unobstructed views on a .460-acre elevated treed lot across from a park at White Rock Lake. Several possibilities for an architectural masterpiece are available, either new construction or renovating the existing 2,476 sf mid-century modern home with detached 832 sf full quarters & 2-car garage, 2 car-carport. Seller has survey & conceptual architectural plans for options. Near Dallas' Arboretum, biking & hiking trails along White Rock, and 20 min. to Downtown, don't miss this hidden oasis in the heart of Dallas!
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| Feb 18, 2022 | No longer available | - | |
| No longer available | |||
| Feb 17, 2022 | Sold | ||
| Sold | |||
| Feb 5, 2022 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017