518 Allen Drive
About This Property
Inside, you'll find oversized rooms, and a flow through floor plan that makes entertaining a breeze, whether indoors or out. The large screened-in patio overlooks the backyard pool and is ideal for relaxing in privacy or hosting guests.
A bonus room offers flexibility for a home office, gym, or extra storage. Additional highlights include an electric gated driveway, extra parking, solar screens, and a new roof installed in 2024.
Buyer to verify all taxes, measurements, and schools.
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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 |
|---|---|---|---|
| Sep 10, 2025 | Sold | ||
| Sold | |||
| Jul 29, 2025 | Listed by Christies Lone Star | $499,000 | |
| Listed by Christies Lone Star | |||
| Jul 18, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 4, 2025 | Listed by Christies Lone Star | $499,000 | |
| Listed by Christies Lone Star | |||
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Highly sought after area served by Grapevine Colleyville ISD. This well cared for 3,2,2 home offers comfort and convenience. Situated near Bob Eden Park, and Euless parks with over 7 miles of walking trails throughout 10 parks. Close to 3 major highways, schools, and shopping, including the upcoming new HEB.
Inside, you'll find oversized rooms, and a flow through floor plan that makes entertaining a breeze, whether indoors or out. The large screened-in patio overlooks the backyard pool and is ideal for relaxing in privacy or hosting guests.
A bonus room offers flexibility for a home office, gym, or extra storage. Additional highlights include an electric gated driveway, extra parking, solar screens, and a new roof installed in 2024.
Buyer to verify all taxes, measurements, and schools.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017