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628 Parkview Lane
About This Property
The three well-appointed bedrooms offer space for rest, while the dining room and seamless flow throughout the home make entertaining easy. Just outside your door, enjoy one of Richardson's most loved neighborhoods, known for its strong sense of community and voluntary neighborhood association that keeps neighbors connected.
The park is just steps away, offering playgrounds, sports fields, walking trails, and a scenic creek. Spend hours meandering the trails, exploring the creek, and enjoying everything this neighborhood has to offer. With the Heights Rec Center and Aquatic Center nearby, activities are always within reach.
This home is served by fantastic Richardson ISD, feeding into Richardson High School, the district's magnet school, and is centrally located in the Metroplex with easy access to dining, shopping, and major commuting routes. With energy-efficient windows and a covered back patio, this home is a fantastic opportunity to step into a vibrant, connected community.
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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.
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About Heights Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017