501 Spur Drive
About This Property
The family room opens to a well-equipped chef's kitchen featuring upgraded SS appliances with a 5 burner gas cooktop, double ovens, beautiful cabinetry, large island, a walk-in pantry, and granite counters. Luxe primary suite impresses with a dual sink granite vanity and a walk-in frameless shower. Upstairs, you can find the media room + massive game room with a wet bar and wine fridge. 3 spacious bedrooms upstairs, each with its own ensuite bath. Outdoor living is complete with a large yard and covered patio with ceiling fans. Allen ISD. HOA includes front yard maintenance. Truly a show stopper. Don't miss the chance to call this one home!
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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 19, 2022 | Sold | ||
| Sold | |||
| Jul 15, 2022 | Listed by Redfin Corporation | $850,000 | |
| Listed by Redfin Corporation | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017