501 Rustic Oak Lane
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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 |
|---|---|---|---|
| Apr 24, 2024 | Sold | ||
| Sold | |||
| Mar 15, 2024 | Listed by Keller Williams Realty DPR | $475,000 | |
| Listed by Keller Williams Realty DPR | |||
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Come fall in love with this beautiful and well-maintained one-story home in McKinney! Close to all the great shopping and dining options on University Drive and Virginia Pkwy, this lovely neighborhood is also within walking distance of highly-rated Furr Elementary (Prosper ISD). The floorplan is thoughtfully designed, with the primary separate from the other two bedrooms, and featuring a massive walk-in closet and a spacious ensuite bath. The secondary bedrooms are great sizes and share a full bath on the opposite side of the home. The kitchen, living, and dining areas are open-concept, featuring contemporary design choices, luxury flooring, tall ceilings, and plenty of natural light! The two-car garage has epoxy flooring. Enjoy evenings in the back yard on the designer covered patio that includes stamped concrete, a drop down shade, a tall fence in great condition, and a gas hookup for your grill. If you're looking for a great home in a great community with great schools, this is it!
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| May 2, 2022 | Sold | ||
| Sold | |||
| Apr 7, 2022 | Listed by United Real Estate Frisco | $449,900 | |
| Listed by United Real Estate Frisco | |||
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Welcome to this beautiful, well-maintained, one-story home in the great community of Valor Pointe - The Reserve at Westridge. This is an incredible opportunity to live in one of the most desirable areas of McKinney with the highly ranked Prosper ISD. A beautiful living room with a floor-to-ceiling brick fireplace, open kitchen with a functional island, granite countertops, ss appliances and plenty of cabinetry make this home a perfect place for entertaining family and friends, while the split floor plan allows for optimum privacy. The welcoming built-in daybed with bilateral shelving makes a cozy guest bedroom, or even a sunny reading nook! The oversized backyard of this corner lot home is equipped with a recently stained, 8ft board-on-board privacy fence and a partially covered extended patio that makes it perfect for all outdoor gathering and activities. Enjoy the superb community amenities including clubhouse, waterpark with slides, playground, adult pool and pond. Welcome home!
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| Jan 20, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017