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6928 Mill Falls Drive
About This Property
One owner since 1975, and the bones are the story. The builder designed this one himself, which is how you end up with an enclosed courtyard patio at the heart of the floor plan rather than tacked onto the back. It pulls extra natural light into the surrounding rooms. All the sunshine and courtyard feel, without the mosquitoes. 2,489 square feet all on one level, with vaulted beamed ceilings over a 20' x 17' living area and a fireplace anchoring the room. Four bedrooms and three full baths, a true separate dining room for hosting or expanding the kitchen, and an 18' x 16' flex space for a home office, gym, play room or fifth bedroom. Dual walk-in closets in the primary. Two-car attached garage, no mandatory HOA.
Set on an interior street beneath mature trees, with a north-facing front and a welcoming covered porch. Campbell Green Park is just up the road with trails, tennis, playgrounds and recreation, and connects onto the Preston Ridge Trail, 6.3 paved miles running toward Plano. Hillcrest Village is a neighborhood favorite for dining and patios, built around a 1.5-acre green space.
The fun cosmetic updates are still yours, but several of the big homeowner projects are already checked off.
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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 |
|---|---|---|---|
| Sep 21, 2026 | Sold | ||
| Sold | |||
| Aug 31, 2026 | In contract | - | |
| In contract | |||
| Aug 27, 2026 | Listed by Keller Williams Realty Allen | $575,000 | |
| Listed by Keller Williams Realty Allen | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017