506 Northmeadow Drive
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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%.
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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 |
|---|---|---|---|
| May 31, 2022 | Sold | ||
| Sold | |||
| Apr 22, 2022 | Listed by Fathom Realty, LLC | $474,900 | |
| Listed by Fathom Realty, LLC | |||
| | |||
|
GREAT CENTRAL LOCATION in the heart of DFW! UPGRADES GALORE! RARE FIND in the beautiful & lush Country Green neighborhood in North Arlington near the Entertainment District & Texas Rangers Golf Course; Home is an interior lot nestled on a quiet tree lined street but is only a short distance to the I-360, 183, 20, 30 & the DFW Airport. $175,000 in Upgrades in this charming home include: Master Bath Remodel, Kitchen Remodel w tons of Cabinet Storage & Stainless Steel Appliances including a Custom Fit Refrigerator which is included, Hunter Douglas Child Safe Automated Honeycomb Shades, Neutral Color Palette, Designer Lighting & Interior Lighting, Quartz Countertops throughout, 5 Barnwood Doors, Wood LVT Flooring, Carpet, Exterior Doors, Steel Roof & Leaf Gutters, AC Unit UP, NEST System, RING doorbell, Automatic Metal Side Gate, Cedar Fence, Covered Back Patio, Front & Back Landscaping, Storage Shed, RACHIO Sprinkler System & so much more!! Tons of parking. You have to see it in person!
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| Oct 18, 2019 | Sold | ||
| Sold | |||
| Jul 26, 2019 | Listed by Infinity Residential RRE | $270,000 | |
| Listed by Infinity Residential RRE | |||
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14149296
Details provided by NTREIS and may not match the public record
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