34
Map
713 Shelmar Drive
About This Property
Abundance of kitchen cabinets! A new water heater followed in 2024, with additional bathroom upgrades and a new roof in 2026. Outside, enjoy a spacious backyard with an extended patio and storage building. Walking distance to elementary school and conveniently located between Dallas and Fort Worth, the neighborhood offers easy access to major highways, shopping, dining and DFW Airport.
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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 |
|---|---|---|---|
| Oct 19, 2026 | Sold | ||
| Sold | |||
| Sep 28, 2026 | In contract | - | |
| In contract | |||
| Sep 23, 2026 | Listed by Key 2 Your Move Real Estate | $319,000 | |
| Listed by Key 2 Your Move Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017