4319 Republic Drive
About This Property
Move-in ready, gated community of Heritage Lakes in Frisco! Neutral paint & modern updates, over 3300 sq ft. The kitchen's white cabinets & black granite countertops w a custom walk in pantry, coffee bar, SS appliances & 5 burner gas cook top. The downstairs study currently being used as a studio could easily be converted to a 5th bedroom or home gym. Other features include: media room, upstairs playroom, 3 car garage with epoxied floors & spacious backyard & covered patio with pergola. Privacy fence w electronic gate access.
Community Amenities include 9 hole par 3 golf course, a clubhouse & 2 neighborhood pools one with a lazy river! Zoned for top ranked Lewisville ISD schools. Perfect location of Frisco with easy access to the Dallas North Tollway and The Star.
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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 |
|---|---|---|---|
| May 19, 2022 | Sold | ||
| Sold | |||
| Mar 30, 2022 | Listed by Keller Williams Frisco Stars | $699,000 | |
| Listed by Keller Williams Frisco Stars | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017