540 Meadowcrest Drive
About This Property
This charming 3-bedroom, 2-bathroom home nestled in the sought-after Burleson Schools district offers both comfort and convenience. Situated in a prime location with easy access to I35, this property boasts seamless connectivity to major thoroughfares, making commuting a breeze.
As you step inside, you're greeted by a warm and inviting atmosphere accentuated by a cozy fireplace, perfect for those chilly evenings. The spacious living area provides an ideal setting for relaxation and entertainment, while the adjoining kitchen is equipped with modern appliances and ample cabinet space, catering to all your culinary needs. The master bedroom features an ensuite bathroom for added privacy, while two additional bedrooms offer versatility for guests. Outside, a fenced backyard provides a secure space for children and pets to play, while a covered patio offers a tranquil retreat for outdoor dining and leisure.
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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 |
|---|---|---|---|
| May 27, 2024 | Sold | ||
| Sold | |||
| Apr 4, 2024 | Listed by Boot Team Realty | $250,000 | |
| Listed by Boot Team Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017