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6022 Prospect Avenue
About This Property
The spacious downstairs primary suite is a true retreat with its own attached office plus a beautifully remodeled bath with frameless glass shower, soaking tub, quartz counters and walk-in closet. Upstairs you'll find 2 additional bedrooms, a full bath, tons of closet space, and walk-in attic for extra storage. The backyard setup is a dream. A huge covered patio overlooks the oversized yard with plenty of room for a pool, while the newly built outdoor entertainment area complete with a built-in kitchen and Green Egg was designed for hosting friends and family year-round.
Location is also hard to beat - a stone's throw from so many Skillman-Live Oak favorites including Mot Hai Ba, Cosmo's Restaurant & Bar, La Calle Doce, Talulah and Hess, The Collective and more. Less than 10 minutes from downtown, White Rock Lake, and the Dallas Arboretum and Botanical Garden. Zoned to Geneva Heights Elementary School with its brand-new campus, this one checks all the boxes!
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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 |
|---|---|---|---|
| Jun 11, 2026 | Sold | ||
| Sold | |||
| May 22, 2026 | In contract | - | |
| In contract | |||
| May 19, 2026 | Listed by Compass RE Texas, LLC | $995,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017