6438 Malcolm 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%.
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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.
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 |
|---|---|---|---|
| May 28, 2021 | Sold | ||
| Sold | |||
| Apr 14, 2021 | Listed by Coldwell Banker Realty | $875,000 | |
| Listed by Coldwell Banker Realty | |||
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Fabulous in Lakewood. Stunning from the moment you walk in and meticulously maintained. Kitchen was redone 4 years ago and features custom cabinetry, top of the line appliances, tons of storage, and opens to the dining room and living room. Tons of natural light and another large living room opens to the private back yard oasis with inviting pool. Master bedroom has ensuite bath that was recently redone with custom builtins and large walk in closet. Windows have been replaced, HVAC less than a year old, roof has been replaced and electrical was updated. Buyer to get a new survey.
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About Northeast Dallas
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Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14555241
Details provided by NTREIS and may not match the public record
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