27
Map
5143 Watson 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%.
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 |
|---|---|---|---|
| Oct 23, 2026 | Listed by Monument Realty | $429,000 | |
| Listed by Monument Realty | |||
| Oct 9, 2025 | Sold | ||
| Sold | |||
| Sep 18, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Listed by Keller Williams Dallas County | $125,000 | |
| Listed by Keller Williams Dallas County | |||
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Calling all investors, visionaries, and DIY dreamers—this property is your chance to own in Dallas proper. Surrounded by beautiful new builds and stylish remodels, this home offers incredible potential for a full renovation or ground-up construction. The existing structure is a classic 2-bedroom, 1-bath frame home that provides a solid starting point for a creative redesign, expansion, or custom new build. Whether you’re looking to create a charming updated cottage, add square footage for today’s lifestyle, or design your dream home from scratch, the possibilities are endless.
With its prime location near everything Dallas has to offer, this property is truly a diamond in the rough. Bring your vision to life.
**Multiple offers received. Highest and Best due by Thursday September 11,2205 at 5pm**
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017