4542 Kipling Avenue
About This Property
Step inside to an open-concept floorplan featuring a two-story vaulted ceiling in the living room and tray ceiling in the dining room. The oversized kitchen island with granite countertops is ideal for entertaining, while the dedicated office provides the perfect space for remote work or study. The first-floor primary suite boasts a large walk-in closet and surround sound wiring, with an upstairs loft perfect for a game room with floor electrical plugs. Primary bath has dual sinks with a garden tub and separate walk in shower featuring decorative tile.
Additional highlights include a spacious media room wired for 11.1 premium surround sound, a large storage room, and two side gates for backyard access. The covered patio overlooks a pool-ready yard, perfect for future entertaining or relaxation.
Enjoy an array of community amenities, including two swimming pools, a playground, splash pad, pickleball courts, fishing ponds, community pocket farms, walking trails, and a fire pit. Families will appreciate the convenience of Christie Elementary School located within the community.
This home seamlessly combines luxury, practicality, and community living in a desirable Prosper location.
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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 |
|---|---|---|---|
| Aug 14, 2026 | Price Decreased |
$500,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Jun 1, 2026 | Price Decreased |
$515,000
↓ $15K
(2.8%) | |
| Price Decreased | |||
| May 14, 2026 | Price Decreased |
$530,000
↓ $20K
(3.6%) | |
| Price Decreased | |||
| Mar 24, 2026 | Listed by LPT Realty LLC | $550,000 | |
| Listed by LPT Realty LLC | |||
| Mar 21, 2026 | No longer available | - | |
| No longer available | |||
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About Denton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017