6106 Grantham Drive
About This Property
Inside, the bright and inviting floor plan is enhanced with recent upgrades throughout. The kitchen is equipped with brand-new appliances including an oven, dishwasher, and microwave, along with a new garbage disposal. Major systems have been replaced for peace of mind and efficiency, including a new total AC system (inside and outside), new insulation and ductwork, and a new hot water heater.
Step outside to your backyard oasis featuring a sparkling pool and a covered patio that's ideal for outdoor entertaining or quiet evenings at home. The fully fenced yard provides privacy and space to relax and unwind.
Located in the highly rated Rockwall ISD, this home combines comfort, functionality, and convenience in one of the area's most desirable communities. With its fresh updates, energy-efficient features, and outdoor retreat, this property truly has it all.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 19, 2025 | Sold | ||
| Sold | |||
| Nov 18, 2025 | In contract | - | |
| In contract | |||
| Nov 14, 2025 | Price Decreased |
$399,999
↓ $20K
(4.8%) | |
| Price Decreased | |||
| Nov 12, 2025 | Price Decreased |
$420,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Oct 27, 2025 | Price Decreased |
$429,999
↓ $10K
(2.3%) | |
| Price Decreased | |||
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About Heritage on The Lake
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Last Updated: 11 months ago
Data Source: NTREIS MLS, MLS# 21043215
Details provided by NTREIS and may not match the public record
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