439 Montrose Drive
About This Property
Nestled in a lively community, this home is just moments from the charm of downtown Rockwall, where residents enjoy the farmer's market, seasonal events, and an array of local shops and eateries. For waterfront dining, entertainment, and leisure, The Harbor is just a short drive away, with Lake Ray Hubbard offering endless opportunities for boating, fishing, and outdoor fun. The community also provides access to a swimming pool and park. With easy routes to I-30 and HWY 66 and access to highly regarded Rockwall ISD schools, this property blends convenience, comfort, and lifestyle in one appealing package.
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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 |
|---|---|---|---|
| Feb 12, 2026 | Sold | ||
| Sold | |||
| Jan 22, 2026 | In contract | - | |
| In contract | |||
| Dec 11, 2025 | Price Decreased |
$550,000
↓ $15K
(2.7%) | |
| Price Decreased | |||
| Oct 7, 2025 | Price Decreased |
$565,000
↓ $30K
(5%) | |
| Price Decreased | |||
| Sep 11, 2025 | Price Decreased |
$595,000
↓ $30K
(4.8%) | |
| Price Decreased | |||
Property Highlights
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About Rockwall
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017