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6724 Walnut Hill Lane
About This Property
A charming covered front porch opens to a formal entry and light-filled living room featuring a wall of windows overlooking the backyard. Hardwood floors run throughout the home, creating a warm and cohesive feel. The dining room flows seamlessly into the updated kitchen, complete with grey stone flooring, white cabinetry, white countertops, stainless steel appliances, subway tile backsplash, and a full-size stacked laundry closet.
Just beyond the dining room, a versatile bonus room provides flexible space ideal for a home office, playroom, or secondary living area, with French doors leading to the backyard. The thoughtfully designed layout separates the bedroom wing from the main living areas for added privacy. Two secondary bedrooms share an updated full bath with marble flooring and classic white subway tile. The primary suite features abundant natural light and an ensuite bath finished with marble floors and timeless white tile.
The backyard is a true highlight, offering a large covered concrete patio with awning that creates the perfect shaded entertaining space. The expansive grassy yard provides ample room for play, pets, or future expansion. Additional features include an extended parking slab, gated drive, and electric gate for added privacy and convenience.
Finding an updated home with this lot size, functional layout, and exceptional outdoor living space in Preston Hollow at this price point is increasingly rare. A wonderful opportunity to enjoy move-in-ready comfort today with long-term upside in one of Dallas' most desirable locations.
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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.
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About North Central Dallas
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017