7147 Royal Lane
About This Property
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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 9, 2024 | No longer available | - | |
| No longer available | |||
| Aug 26, 2024 | Price Decreased |
$1,099,999
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Jun 2, 2024 | Price Decreased |
$1,149,999
↓ $25K
(2.1%) | |
| Price Decreased | |||
| Mar 8, 2024 | Listed by Signature Real Estate Group | $1,174,999 | |
| Listed by Signature Real Estate Group | |||
| | |||
|
Discover the potential with this ready to build lot nestled in the heart of sought after North Dallas area. Great Lot of unimproved land (Extra large) corner lot. The land has been cleared and generally leveled with extra dirt on property with temporary fence around property ready for construction. If you want the front to face Royal or Lavendale the lot is wide enough. (195 deep with a frontage on Royal of 209). 0.603 acres (26,250 sq feet) of space to build upon. All concrete driveway has been removed. Amazing topography with great views. Seller has Dallas City approved plans, permits, architectural, landscaping and pool design with highly rated DFW custom builder ready to go for an additional $50,000. Easy access to 75! This lot is an island waiting for the perfect custom designed home. Save yourself time by seizing this opportunity to build your ideal living oasis! Don't let it slip away.
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| Apr 23, 2021 | Sold | ||
| Sold | |||
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About North Central Dallas
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Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14310794
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017