450 Oak Leaf Trail
About This Property
While the home needs some work, it presents an excellent opportunity for a buyer to invest in a property with great potential. The surrounding neighborhood is undergoing revitalization, with several new homes being built nearby, making it a prime area for future growth. Located just a short distance from Lake Tawakoni, you'll have easy access to recreational activities like fishing, boating, and outdoor adventures. This home is ideal for anyone looking to bring their vision to life in a developing area.
It is the Buyer's responsibility to verify all information provided, including all measurements provided by third-party sources and any Amendments or updates to restrictions.
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Cap Rate Calculator
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 19, 2025 | Sold | ||
| Sold | |||
| Jan 31, 2025 | In contract | - | |
| In contract | |||
| Jan 18, 2025 | Listed by Lone Star Realty | $139,900 | |
| Listed by Lone Star Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017