631 Bear Creek 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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| Mar 28, 2025 | Listed by Ten Twenty Realty LLC | $975,000 | |
| Listed by Ten Twenty Realty LLC | |||
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EXCLUSIVE LENDER INCENTIVE! Nestled in the mature neighborhood of Preston Lakes, this luxurious 4-bedroom, 3.5-bathroom home, offers incredible features without a MUD or PID in the highly sought after Prosper ISD! The jaw dropping backyard features a tall wooden privacy fence, turf in the entire backyard, a heated, saltwater pool with multiple water features, and a built-in covered firepit area with an outdoor TV. The Pool has a removable pool fence already installed for safety! Underneath the firepit area you'll find a holding tank that circulates cold water into the pool in the hot Texas summers to cool you down! This home sits on an oversized .28-acre lot with an extended driveway and 3-car garage, plus beautiful curb appeal with white-painted brick and lovely landscaping. Inside, the home welcomes you right away with stunning LVP flooring, decorative lighting, and two living areas which one could also be used as a formal dining area. Downstairs you'll also find: 2 staircases, a half bathroom, a spacious main living room with large windows looking out at the stunning backyard, a decorative gas fireplace, a luxury kitchen featuring double islands, quartz countertops, and high-end appliances with a bright eating area. A large office with built-ins and a decorative ceiling. Laundry room. Full bathroom. Master suite with a luxury spa-like bathroom with a tub, walk-in shower, and double vanities. Upstairs offers three large bedrooms, a Jack and Jill bathroom, and a versatile game room. This home is truly a dream come true, waiting for its new owners!
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| Jun 17, 2021 | Sold | ||
| Sold | |||
| May 14, 2021 | Listed by Ready Real Estate | $699,999 | |
| Listed by Ready Real Estate | |||
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Absolute Stunner! This Preston Lakes Prosper home has been reimagined and features hickory wood floors, floor-to-ceiling shiplap fireplace, hotel-esque marbled powder bath, custom paint and a private home office. The double island entertainer’s kitchen features a commercial gas range top, custom-built hood, double ovens, calacatta quartz counters and a Pinterest-inspired nook. The primary bedroom overlooks the backyard with an ensuite boasting feature walls, luxury fixtures, and a massive walk-in closet. The exterior is layered with fresh Bermuda sod, gorgeous landscaping, 3-car garage, pool-sized backyard, and maturing trees. PISD and convenient to all that Prosper has to offer - don't miss on this one!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017