509 Avenue S
About This Property
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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 11, 2025 | Sold | ||
| Sold | |||
| Apr 3, 2025 | In contract | - | |
| In contract | |||
| Mar 6, 2025 | Price Decreased |
$195,000
↓ $30K
(13.3%) | |
| Price Decreased | |||
| Nov 22, 2024 | Listed by Berkshire HathawayHS PenFed TX | $225,000 | |
| Listed by Berkshire HathawayHS PenFed TX | |||
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INVESTOR SPECIAL NESTLED on a HUGE LOT in the HEART OF DENTON! Whether you’re looking to flip, rent, or renovate to create your dream home, this property is a perfect canvas. The home includes newer luxury plank floors that provide a stylish foundation for future renovations. Other features include a cozy front porch, an open-concept floorplan, a recently replaced electrical panel & a spacious primary suite with an ensuite bathroom & a walk-in closet. Close proximity to the Denton Square, UNT, TWU & Fred Moore Park. Bring your creativity & make this diamond in the rough shine! Sold as-is.
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| Sep 9, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017