5220 Norris Drive
About This Property
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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 |
|---|---|---|---|
| Feb 23, 2024 | Sold | ||
| Sold | |||
| Dec 27, 2023 | Listed by Hip Realty Group | $320,000 | |
| Listed by Hip Realty Group | |||
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This centrally located home in the heart of The Colony is ready for you to make it your new home. With an open floor plan it is great for entertaining. Lots of natural light make this home warm and cozy. The open galley kitchen has eat up breakfast bar and updated appliances. Additional eating area is a great addition. Living room features warm fireplace with electric insert for additional heat to the home. Large primary suite has an attached bath with walk-in shower and large walk in closet. Backyard patio and large yard offers a get away for relaxation and entertainment. Lots of important improvements that add value and piece of mind. Located close to Grandscape entertainment district, freeways, and schools this home has everything you are looking for.
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| Jun 21, 2022 | Sold | ||
| Sold | |||
| Jun 9, 2022 | Listed by Keller Williams Urban Dallas | $300,000 | |
| Listed by Keller Williams Urban Dallas | |||
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Welcome Home! This light and bright home features an open living area space. The inviting galley kitchen boasts the extra eat-in seating space, upgraded countertop and lovely subway tile backsplash. Cozy up in the living room, where the fireplace centerpiece adds just the right amount of decor to the living space. The spacious primary suite has its own private bath, a large closet, and views to the spacious private backyard. It does have a separate full size laundry closet behind double doors. Great location, close to the Aquatic Park, Bill Memorial Park, Lewisville lake, and 20 minutes from DFW airport. Newer shingles, stove, kitchen counters & sink, AC & furnace, and closet system. You are all set to call this place, home!
All the information provided is deemed reliable but not guaranteed. Buyer to verify any and all information herein.
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| Mar 2, 2020 | Sold | ||
| Sold | |||
Property Highlights
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About The Colony
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017