5515 Vanderbilt Avenue
About This Property
At the center of the home, the updated open kitchen truly delivers: modern appliances, sleek countertops, and generous cabinetry that keeps everything in its place. It's open enough for easy everyday living, yet designed with the kind of style that still feels special when you're hosting family and friends.
Step outside and you'll see why this home is such a standout. The backyard is a private sanctuary-beautifully planned for both entertaining and quiet weekends at home. Take a dip in the crystal-clear pool, slip into the hot tub under the stars, and you'll quickly understand why people fall in love with Greenland Hills living. Add in the peace of mind of a brand-new roof, plus an oversized garage with a large rear storage space (ready to be enclosed if you want even more usable square footage), and you've got a home that offers charm, function, and flexibility in all the right ways.
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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 |
|---|---|---|---|
| Mar 23, 2026 | Sold | ||
| Sold | |||
| Feb 18, 2026 | In contract | - | |
| In contract | |||
| Feb 12, 2026 | Listed by Compass RE Texas, LLC. | $1,197,000 | |
| Listed by Compass RE Texas, LLC. | |||
| Nov 1, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 31, 2025 | In contract | - | |
| In contract | |||
Property Highlights
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About Central Dallas
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017