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Map
6820 Derby Downs DR
About This Property
One of the standout benefits? This property boasts one of the lowest tax rates in the area, meaning big monthly savings compared to nearby communities.
Inside, you'll be greeted by an open, light-filled floor plan with beautiful wood look tile flooring across the main level. The kitchen is thoughtfully designed for both function and style, complete with stainless steel appliances, a breakfast bar, cozy dining area, and abundant cabinetry for storage.
The oversized primary suite offers a true retreat, featuring a double vanity, walk-in closet, and generous space to relax at the end of the day. Outdoors, the private backyard oasis awaits featuring a spacious covered patio with a ceiling fan, perfect for enjoying warm Texas evenings. With no direct neighbors behind you, plus a brand-new fence, this backyard ensures peace and privacy. A new roof installed in 2024 provides even more confidence in your investment.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 20, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Listed by Keller Williams Realty | $309,000 | |
| Listed by Keller Williams Realty | |||
| Aug 30, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Aug 6, 2025 | Price Decreased |
$319,000
↓ $10K
(3%) | |
| Price Decreased | |||
| Jul 10, 2025 | Price Decreased |
$329,000
↓ $5K
(1.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017