7017 Elk Springs Drive
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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 |
|---|---|---|---|
| Apr 7, 2025 | Sold | ||
| Sold | |||
| Mar 27, 2025 | In contract | - | |
| In contract | |||
| Mar 13, 2025 | Listed by Southern Collective Realty | $870,000 | |
| Listed by Southern Collective Realty | |||
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OPEN HOUSE: March 22 and 23, 1:00pm- 3:00pm! Be prepared to fall in love with your forever home! This stunning two-story, four bedroom and 3.5 bathroom home in award winning Canyon Falls Neighborhood within Argyle ISD and walking distance to the new elementary school and Argyle High School truly soars above the rest! Step into the elegant entryway with tall ceilings, a grand spiral staircase surrounded by wrought iron railing and beautiful wood flooring throughout. A large dedicated office at the front of the home makes working from home easy and efficient. A guest suite with ensuite bathroom provides the perfect space for multi-generational living and privacy. The spacious dining room is perfect for entertaining and flows seamlessly into the open concept living, kitchen, and breakfast area, creating the perfect space for gathering. The kitchen is equipped with upgraded SS appliances, gas cooktop, double ovens, walk in pantry, large California island and on trend herringbone backsplash which blends perfectly with the bright white cabinets. The surprisingly large primary suite with seating space and large windows is the perfect getaway after a long day. The spa-like bathroom features a garden tub and separate shower with separate vanities and large walk-in closet. Upstairs, you will love all the space to spread out and play, including the large game room, a media room with custom barn door, two generous secondary bedrooms and a full bathroom! Saving the best for last...head outside to your own private oasis with built-in kitchen, salt water heated pool and spa and STILL room for your four legged friends to run on the low maintenance turf dog run! Don't miss this opportunity to live in your dream home in an amazing neighborhood with community and fitness center, walking trails, a dog park and just minutes away from dining, shopping and DFW Airport. Schedule your showing today, this home will not last long!
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| Dec 14, 2021 | Sold | ||
| Sold | |||
| Sep 15, 2021 | Listed by Keller Williams Dallas Midtown | $709,990 | |
| Listed by Keller Williams Dallas Midtown | |||
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Wonderful 2-story home in the beautiful Canyon Falls. Open and airy floorplan features a bright white kitchen with gas stove, granite ctrs, subway tile backsplash, and hardwoods throughout the first floor. The primary bedroom looks out over the backyard salt-wter pool, spa, and outdoor kitchen. The en suite bathroom has a soaking tub and large double closet. Secondary bedroom and office also on the first floor. Two more bedrooms, game room, and media room with barn doors are up. Plenty of activities in Canyon Falls including a fitness center, pools and splash pad, dog park, hiking & biking trails, stocked ponds for catch and release fishing, all within 10 minutes of shopping and dining.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017