515 Fairview Drive
About This Property
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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 10, 2022 | Sold | ||
| Sold | |||
| Apr 1, 2022 | Listed by Keller Williams Dallas Midtown | $340,000 | |
| Listed by Keller Williams Dallas Midtown | |||
| | |||
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** Multiple offers** Highest and best due by 5 pm Sunday, April 10.
Adorable 3bed 2bath nestled in desirable Richardson Independent School District, close to dining, shopping, schools, and parks with easy access to highways. House boasts many updates, new paint throughout, and many windows with lots of natural light. Three nice size bedrooms with two full bathrooms. The eat-in kitchen has granite countertops, stainless appliances, soft close drawers, and a large walk-in pantry. The garage conversion can be a second family room, exercise, or game room; the possibilities are endless. Google Smart hub connected to the smoke and CO2 detectors, doorbell, and thermostat will stay with the property. The washer, dryer, and refrigerator are all negotiable.
| |||
| Sep 6, 2019 | Sold | ||
| Sold | |||
| May 13, 2019 | Listed by Josh DeShong Real Estate, LLC | $225,000 | |
| Listed by Josh DeShong Real Estate, LLC | |||
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About Highland Terrace
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017