40
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409 Springtree Road
About This Property
The kitchen includes quartz countertops, white cabinetry, stainless steel appliances, and an LG gas range. Additional interior features include quartz countertops in the updated bathrooms, luxury vinyl plank flooring in main traffic areas, and updated lighting throughout. The roof was replaced in 2022.
The property is located near Lake Lewisville, Willow Grove Park, and downtown Lake Dallas, with access to Interstate 35E (I-35E) for travel to Denton, Frisco, and the Dallas-Fort Worth metroplex. The home is zoned to the Lake Dallas Independent School District (Lake Dallas ISD).
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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%.
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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.
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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 |
|---|---|---|---|
| Sep 29, 2026 | Price Decreased |
$445,000
↓ $4K
(0.9%) | |
| Price Decreased | |||
| Aug 26, 2026 | Listed by Real Broker, LLC | $449,000 | |
| Listed by Real Broker, LLC | |||
| Aug 9, 2023 | Sold | ||
| Sold | |||
| May 13, 2023 | No longer available | - | |
| No longer available | |||
| May 12, 2023 | Listed by Home Capital Realty LLC | $419,990 | |
| Listed by Home Capital Realty LLC | |||
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All updated on Greenbelt lot with small creek in the back. Nothing but trees and creek behind this house. Kitchen and bathrooms have quartz. Kitchen has NEW SS apps, white cabinets, pulls, LG GAS stove with air fryer. Master and office are down. 3 kid bedrooms and game room up. Lots of LVP in traffic areas. All new lights, flooring, ect. New Roof.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017