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4971 Kiowa Trail
About This Property
The kitchen is designed for function with ample cabinetry, stainless steel appliances, generous prep space, and a large center island for gathering. The primary suite offers a relaxing retreat, complemented by an updated bath featuring dual sinks and a sleek, glass-enclosed shower. Flexible secondary spaces can serve as bedrooms, a home office, hobby room, or workout area. The detached apartment guest quarters is a bonus structure.
Step outside and enjoy the perks of true country living-space for a garden, play area, or future improvements (verify use with local guidelines). Conveniently located near US-377 and I-35W, with quick access to Denton Square, Roanoke's dining scene, and shopping at Tanger Outlets. Outdoor lovers will appreciate close proximity to parks and trails plus easy drives to Grapevine Lake and Ray Roberts Lake for boating, fishing, hiking, and camping. NO RESTRICTIONS! Want chickens, goats or a horse?
Enjoy quick access to big-ticket destinations for weekend fun and entertainment. Residents enjoy an easy drive to Texas Motor Speedway for NASCAR weekends and major events, plus convenient routes north for casino nights, concerts, and dining at WinStar World Casino and Resort. With nearby highways like I-35W, I-35E, and Hwy 114 connecting you to Denton, Fort Worth, and the broader DFW area, it's simple to balance wide-open living with shopping, restaurants, and year-round attractions just a short trip away.
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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 |
|---|---|---|---|
| Sep 1, 2026 | In contract | - | |
| In contract | |||
| Jul 27, 2026 | Relisted | $525,000 | |
| Relisted | |||
| Jul 20, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Price Decreased |
$525,000
↓ $100K
(16%) | |
| Price Decreased | |||
| Jan 30, 2026 | Listed by Keller Williams Realty | $625,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017