5959 Elderwood Drive
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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 |
|---|---|---|---|
| Aug 30, 2023 | Sold | ||
| Sold | |||
| Jun 30, 2023 | Listed by Compass RE Texas, LLC. | $2,250,000 | |
| Listed by Compass RE Texas, LLC. | |||
| | |||
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Incredible opportunity for new construction by Fifer Custom Homes in Preston Hollow, one of Dallas' most coveted neighborhoods. Featuring designer finishes thru-out + a smart floor plan that flows seamlessly from room to room. Highlights include elegant light fixtures, designer wallpaper, specialty hardware, custom cabinetry, white oak floors + stunning tile selections. A gracious 2 story entry opens to an oversized dining room w custom built ins + large windows that bathe the room in light. The 1st floor is anchored by a chef's kitchen + overlooks the bkfst + living rooms, allowing for great communication bw these spaces. A guest room w en-suite bath rounds out the 1st floor + offers flexibility as a home office. Impressive owner's suite w spa-like bathroom + walk-in closet is situated upstairs w 4 add'l BRs + a game room. The backyard enjoys a covered patio w outdoor kitchen + putting green. Idyllic location close to Dallas' best private schools, great shopping + restaurants!
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| May 5, 2023 | No longer available | - | |
| No longer available | |||
| Feb 4, 2023 | Relisted | $2,400,000 | |
| Relisted | |||
| Feb 2, 2023 | No longer available | - | |
| No longer available | |||
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About North Central Dallas
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017