516 Auburn Lane
About This Property
Price Improved by $15K – Now's Your Chance! This exceptional 4-bedroom, 2-bathroom home in Forney has been updated, with a stunning 2020 remodel that includes hardwood floors, a completely redesigned kitchen, and a modernized bathroom. Built in 2016, this spacious home features an open-concept layout with recently refinished red oak floors that flow throughout. The custom chef's kitchen is the heart of the home, equipped with a large island, quartz countertops, farmhouse sink, gas range, built-in beverage fridge, and a stylish backsplash.
The master suite is a private retreat, boasting a luxurious ensuite with a garden tub, separate shower, and dual walk-in closets. Three additional bedrooms provide flexibility and comfort, and the renovated second bath adds a contemporary touch. Step outside to a private, fenced backyard with a 10x10 storage shed, and enjoy the added convenience of a separate laundry room and front-facing garage.
Ideally located near shopping, parks, and more, this move-in-ready home is perfect for family gatherings and entertaining. With outstanding upgrades throughout, schedule your showing today to discover all that this beautiful home has to offer!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 27, 2024 | Sold | ||
| Sold | |||
| Nov 12, 2024 | In contract | - | |
| In contract | |||
| Nov 2, 2024 | Price Decreased |
$330,000
↓ $15K
(4.4%) | |
| Price Decreased | |||
| Sep 28, 2024 | Price Decreased |
$345,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Aug 20, 2024 | Price Decreased |
$350,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017