513 Shelmar Drive
About This Property
This home is nestled on an over sized lot with mature trees. You can be to Downtown Fort Worth or Downtown Dallas in 20 minutes. You are minutes from the DFW Airport, HWY 121 & 183. You have a plethora of options for shopping and dining in all directions. This home has all of the right upgrades in all of the right spots. In the last 3 years this property has been completely remodeled. You will love the farmhouse feel in the kitchen with the subway tile, white cabinetry, stainless steel appliances and newly installed granite.
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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 18, 2020 | Sold | ||
| Sold | |||
| Jul 13, 2020 | Listed by Classic Homes Realty LLC | $225,000 | |
| Listed by Classic Homes Realty LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017