5815 Gatewood Drive
About This Property
This beautiful two-story home was built in 1976 and features a brick exterior and a garage conversion that serves as a large family room.
As you enter, you'll be impressed with the spacious living. This room features a cozy double-sided fireplace and large bay windows that let in plenty of natural light. The kitchen has lots of cabinets and counter-space. Dining will be cozy will the fireplace offering a warm reception. Upstairs you will find a large bedroom and a spacious loft that can serve as an office or game room. The backyard is perfect for entertaining guests with a swimming pool, patio, and lush landscaping. This home is sure to please, so come take a look! With its close proximity to schools, restaurants, shopping, and highway access, this home is great for anyone who values convenience. It's time to make 5815 this your new home!
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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 |
|---|---|---|---|
| Sep 14, 2023 | Sold | ||
| Sold | |||
| Aug 2, 2023 | Listed by Keller Williams Lonestar DFW | $360,000 | |
| Listed by Keller Williams Lonestar DFW | |||
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This lovely home is located close to Lake Arlington and feeds into some of Arlington’s highest rated schools. Enjoy the many updates this home offers including new interior paint, sliding metal access gate with cedar panels and new interior door hardware just to name a few. The living room has vaulted ceiling, lots of windows for natural light, stunning custom woodwork and a dual fireplace that is shared with the dining room. Step into the kitchen and notice the abundance of cabinets and counter space complete with granite counters. The master bedroom is located downstairs along with a 2nd bedroom. Upstairs is a spacious loft and 3rd bedroom. Enjoy the balcony just off the loft and 3rd bedroom. The garage has been converted into a large bonus room and has direct access to the stunning backyard. The backyard is an entertainer’s dream offering multiple places to entertain and lots of shade provided by the trees. The new wrought iron fence provides safety to the built-in swimming pool.
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| Apr 20, 2023 | Sold | ||
| Sold | |||
| Mar 17, 2023 | Listed by RE/MAX Associates of Mansfield | $329,900 | |
| Listed by RE/MAX Associates of Mansfield | |||
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About West Arlington
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20282087
Details provided by NTREIS and may not match the public record
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Address: 335 Madison Avenue, New York, NY 10017