6340 Norway Road
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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%.
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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.
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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 |
|---|---|---|---|
| Jan 20, 2021 | Sold | ||
| Sold | |||
| Aug 26, 2020 | Listed by Dave Perry Miller Real Estate | $2,195,000 | |
| Listed by Dave Perry Miller Real Estate | |||
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Situated on an oversized lot on the estate block of Norway adjacent to St. Mark’s is this commanding Mediterranean home built by Doug Jones, which offers a thoughtful custom floorplan designed for expansive living and entertaining. The 120 ft. frontage, corner lot allows for a resort-style backyard with loggia overlooking the pool and spa, grassy play area, putting green and specimen oak tree. Gourmet kitchen with French limestone counters and built-in, stainless steel appliances opens to the breakfast room and great room with beamed ceiling and multiple fireplaces. The downstairs master suite has a sitting area with dedicated study attached. Upstairs are four ensuite bedrooms, living area plus media-game room.
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About North Central Dallas
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017