512 Salem Drive
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%.
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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 |
|---|---|---|---|
| Jan 11, 2022 | Sold | ||
| Sold | |||
| Dec 16, 2021 | Listed by Keller Williams Frisco Stars | $450,000 | |
| Listed by Keller Williams Frisco Stars | |||
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THIS IS IT! EVERYTHING NEW. Completely renovated 3 Bedroom Home w~Over $100K in Upgrades. Situated on sizable 72'x125' Lot w~Large Trees in Richardson ISD. Feeds to Pearce HS. Head Turning Open Concept Living w~ Modern Vibe. Spectacular Custom Kitchen w~ Grey Cabinets, Stunning White Calcutta Quartz Countertops & Stainless Appliances. 14.5 ft Island Open to Living and Dining. New Hardwood Floors. Recessed & Decorative Brass Lighting. New HVAC, Water Heater, Plumbing, Electric Panel, Wiring, Switches, & Nest Thermo. Roof is 2 Years Old. Show Stopping Owners Bath. Pictures and Words Cannot Describe the Detail and Beauty in this Home. Mutiple Offers Received. Final and Best Due Monday by 10:00 AM 12.20.
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| Feb 12, 2021 | Sold | ||
| Sold | |||
| Sep 4, 2020 | Listed by U Property Management | $270,000 | |
| Listed by U Property Management | |||
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Welcome to your inviting, spacious and light-filled home! You'll find the floorplan has a great flow, perfect for entertaining family & friends. When you enter, you're greeted with a fabulous open living & dining space. Features & upgrades include engineered wood floors throughout except tile in the kitchen & bathrooms - NO CARPET. Tall ceilings & large windows. Heavily treed lot with plenty of outdoor living space. Six-panel doors installed throughout. Fresh white interior paint. Fireplace with custom wood mantel. Over-sized 2-car garage. Amazing location close to parks, retail & restaurants, UTD and major freeways. Zoned for the highly sought after JJ Pearce feeder pattern in Richardson ISD.
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| Oct 11, 2019 | Sold | ||
| Sold | |||
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About Northrich
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017