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6403 Sondra Drive
About This Property
Rare opportunity to build new in highly sought-after Lakewood. Situated on a generous lot, this property offers incredible potential for builders, investors, or buyers looking to create their dream home in one of East Dallas' most desirable neighborhoods. Surrounded by beautifully updated homes and new construction, the location supports strong resale value and long-term appreciation. Enjoy close proximity to White Rock Lake, top-rated schools, parks, shopping, and dining. Minutes from Downtown Dallas, yet tucked into a charming, established community known for its tree-lined streets and character homes.
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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 |
|---|---|---|---|
| Oct 25, 2026 | In contract | - | |
| In contract | |||
| Oct 19, 2026 | Relisted | $489,000 | |
| Relisted | |||
| Oct 19, 2026 | Price Decreased |
$439,000
↓ $50K
(10.2%) | |
| Price Decreased | |||
| Oct 8, 2026 | In contract | - | |
| In contract | |||
| Oct 1, 2026 | Relisted | $489,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017