5506 Cortez Drive
About This Property
At the heart of the home is a heated and cooled atrium that was originally designed as an open-air courtyard and has since been transformed into a stunning year-round living space filled with natural light. This unique centerpiece creates an inviting atmosphere ideal for a second living area, reading lounge, home office, or indoor garden retreat.
The flexible layout includes two private en-suite bedrooms, offering ideal accommodations for guests or multigenerational living. The spacious primary suite showcases a freestanding soaking tub, oversized walk-in shower, dual vanities, and curated designer details that create a true retreat feel. Large sliding glass doors and expansive windows further enhance the seamless indoor-outdoor feel found throughout the home.
Located within the gated golf and lake community of DeCordova Bend Estates, residents enjoy access to two golf courses, a marina, clubhouse, community pool, pickleball courts, volleyball courts, basketball courts, parks, and lake access on Lake Granbury. This one-of-a-kind remodeled home offers distinctive architectural character paired with modern comfort in one of Granbury's most desirable 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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017