5616 Covehaven Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 25, 2022 | Sold | ||
| Sold | |||
| Sep 21, 2022 | No longer available | - | |
| No longer available | |||
| Sep 16, 2022 | Listed by Christie's Int'l ULTERRE | $769,000 | |
| Listed by Christie's Int'l ULTERRE | |||
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Located in Prestonwood West, south of Frankford Rd, west of Campbell Rd, with easy access to The Bush Turnpike and North Dallas Tollway. This home offers the qualify features of a custom-built home with gracious room sizes, 10’ ceilings on the main level, abundant natural light and fabulous storage throughout. The primary suite offers a separate sitting area and a recently renovated spa-like bathroom complete with custom built cabinets, oversized shower, spa tub, plus a view of the pool just steps away. The second bedroom on the main level has access to a beautifully renovated bath. This second bedroom is currently being used as a home office. A well-designed floorplan offers privacy and generous space for entertaining. Upstairs offers three bedrooms with connecting bathrooms and a landing large enough for an upstairs sitting or play area. There is much to appreciate including a large kitchen with breakfast room overlooking the covered patio and pool, plus a 3-car garage.
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| Sep 1, 2022 | Listed by Compass RE Texas, LLC | $769,000 | |
| Listed by Compass RE Texas, LLC | |||
Property Highlights
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About North Central Dallas
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20149234
Details provided by NTREIS and may not match the public record
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