Great opportunity for investors or buyers looking to update a home
and make it their own! This property is ready for your vision and
personal touches, offering the potential to add value through
thoughtful improvements. Bring your ideas and explore the
possibilities! Charming, spacious, and surrounded by the beauty of
mature trees, this inviting single-story home sits on a lush
1.032-acre lot, offering the space, privacy, and freedom to enjoy
the best of country-style living with convenient access to city
amenities. Inside, an expansive living room featuring a brick
fireplace creates a warm and welcoming setting for gathering with
family and friends. The generously sized kitchen offers granite
countertops, abundant cabinetry, and a gas cooktop, providing
plenty of room for meal preparation and everyday convenience. A
large formal dining room is ideal for holiday celebrations and
memorable family gatherings. The private primary suite serves as a
relaxing retreat, complete with an ensuite bathroom, while three
additional generously sized bedrooms and a full bathroom provide
comfortable accommodations for family and guests. A spacious
utility room with extra room for a freezer adds another layer of
everyday practicality. Step outside to discover an expansive,
private backyard shaded by mature trees, along with a large covered
patio perfect for relaxing, entertaining, and enjoying beautiful
Texas evenings. A sizable storage shed and abundant open space
offer endless possibilities for outdoor activities, hobbies,
gardening, or simply enjoying the peaceful surroundings. Located
within Mesquite ISD and conveniently situated near I-635 and I-20,
this property offers easy access to shopping, dining, retail,
schools, and major commuter routes. If you have been searching for
a home with room to spread out, enjoy the outdoors, and make the
most of over an acre of land, this property is ready to welcome you
home!
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.
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