504 Moraine Way
About This Property
Exquisite estate located in one of the premier neighborhoods in Heath, Tx, The Moraine. Featuring 6,629sq' with 5 bedrooms, 5.2 baths, an oversized 4 car garage, a pool with outdoor kitchen space, and much more. Upon entering the home, you are greeted with a grand foyer overlooking the formal living space and dining area. The master wing offers a home office with a 900-bottle wine cellar, a large master retreat with a large walk-in closet, and a workout room. The heart of this home features a huge kitchen space with ample room for the largest of gatherings. Off the kitchen, you have the game room with a built-in bar and access to the outdoor space. The first level features 3 master retreats and over 5100 sq. Of total living space. The second level offers 3 bedrooms with 2 full baths, 1 of which is a jack and jill set up, and the 3rd has a private sitting area and ensuite bath.
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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 |
|---|---|---|---|
| Jul 17, 2024 | Sold | ||
| Sold | |||
| Jun 15, 2024 | In contract | - | |
| In contract | |||
| May 22, 2024 | Price Decreased |
$1,149,000
↓ $40K
(3.4%) | |
| Price Decreased | |||
| Jan 17, 2024 | Listed by CENTURY 21 Judge Fite Co. | $1,189,000 | |
| Listed by CENTURY 21 Judge Fite Co. | |||
| Dec 18, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017