4111 Rainsong Drive
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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 5, 2021 | Sold | ||
| Sold | |||
| Nov 12, 2020 | Listed by Better Homes & Gardens, Winans | $588,800 | |
| Listed by Better Homes & Gardens, Winans | |||
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Freshly painted kitchen cabinets and new frameless shower door in Master Bath. Classic floorplan with Owner suite on first floor with door to pool and spa. 44 windows, roof replaced (grade 4 impact resistant shingles) in 2016. Red Oak wood floors in first floor living rooms. Exterior painted Sept '20. Pool resurfaced, new tile added 2019. Board on board wood fence for privacy. Grassy area in back is ideal for pets or kids. PLANO ISD. Mitchell Elementary is 1 block away...no carpool line! Trinity Christian Academy nearby. Quick access to North Dallas Tollway or Bush Turnpike. Restaurants, retail stores, grocery stores, hospitals, parks, green spaces, numerous private country clubs are close.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017