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6316 Fall River Drive
About This Property
Step outside to your own private oasis: the backyard retreat includes a sparkling pool, a screened-in covered patio, and a fully equipped outdoor kitchen-ideal for summer gatherings, game day cookouts, or quiet evenings at home. The lush landscaping provides added privacy while maintaining easy upkeep.
Perfectly situated just minutes from the vibrant Grandscape entertainment district, you'll enjoy close proximity to a wide variety of shopping, dining, and live music options. Outdoor enthusiasts will love the easy access to Lake Lewisville, Stewart Creek Park, and The Colony Shoreline Trail, all just a short drive away.
Families will appreciate the home's location in the Lewisville ISD. With its blend of peaceful community living and exciting nearby attractions, this home truly offers the best of both worlds.
Don't miss your chance to own a move-in-ready home in one of The Colony's most convenient and charming neighborhoods!
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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 18, 2026 | Sold | ||
| Sold | |||
| May 23, 2026 | In contract | - | |
| In contract | |||
| May 16, 2026 | Relisted | $460,000 | |
| Relisted | |||
| May 12, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Listed by Dave Perry Miller Real Estate | $460,000 | |
| Listed by Dave Perry Miller Real Estate | |||
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About Legend Crest
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017