516 Byron Nelson Drive
About This Property
Charming East-Facing Home in Sought-After Golf Course Community Priced Below Market Value
Welcome to this spacious 4-bedroom, 3-bath home featuring a versatile layout designed for comfort and functionality. Located in a desirable golf course community, this home offers three bedrooms-including the primary suite-on the main level, plus a large upstairs bedroom that could easily serve as a second primary suite, guest quarters, or bonus space.
Enjoy laminate hardwood floors in the main living area and an open floor plan perfect for everyday living and entertaining. A dedicated game room adds even more flexibility to fit your lifestyle.
Situated on a prime lot, this home provides access to fantastic neighborhood amenities including a community pool, jogging trails, and a tranquil fishing pond.
With some cosmetic updates like new carpet and paint, this home is a wonderful opportunity to customize and build equity-priced accordingly to reflect the needed improvements.
Don't miss the chance to make this home your own in one of the area's most established and amenity-rich communities.
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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 |
|---|---|---|---|
| Jul 3, 2025 | Sold | ||
| Sold | |||
| May 25, 2025 | In contract | - | |
| In contract | |||
| May 16, 2025 | Listed by Jones-Papadopoulos & Co | $400,000 | |
| Listed by Jones-Papadopoulos & Co | |||
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About Westridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017