522 Highland Boulevard
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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 |
|---|---|---|---|
| Sep 16, 2022 | Sold | ||
| Sold | |||
| Jun 18, 2022 | Listed by Compass RE Texas, LLC | $425,000 | |
| Listed by Compass RE Texas, LLC | |||
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Buyer had circumstances change the day of closing. This is a real opportunity as we had a back up offer that had expired on this one as well in the meantime. 522 Highland has that cool factor with a Mad Men ranch style frame to it. .03 acre lot with heated pool and a private backyard. As downtown Richardson and surrounds continue to be developed with A tier commercial, this location should continue to rise in popularity as well. New roof, pier and beam, two storage closets and recently updated guest bathroom, come visualize what life could be like here with your own signature updates!
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| Dec 18, 2020 | Sold | ||
| Sold | |||
| Nov 3, 2020 | Listed by RE/MAX Premier | $325,000 | |
| Listed by RE/MAX Premier | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017