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720 Candle Meadow Boulevard
About This Property
Welcome to 720 Candle Meadow Blvd, a spacious two-story home in the established Candle Meadow community of DeSoto. Offering 4 bedrooms, 2.5 baths, and approximately 3,059 square feet, this property presents an excellent opportunity for investors looking to add a tenant-occupied, income-producing property to their portfolio.
The main level features multiple living spaces, including a comfortable living area with fireplace, formal dining, and an open-concept kitchen with a large island and granite countertops. Upstairs, all four bedrooms are conveniently located alongside an additional living area or game room, providing plenty of functional space.
Outside, the property offers a generously sized backyard with patio areas, along with an attached two-car garage. Residents also have access to the community pool.
Property is currently tenant occupied and will be sold with the tenant in place, offering investors the opportunity to acquire an established rental property without the need to immediately market for a new tenant.
Conveniently located in DeSoto with easy access to major highways, shopping, dining, and surrounding DFW communities, this property is a great addition to an investor's portfolio or for buyers seeking a property with existing rental occupancy.
Buyer and buyer's agent to independently verify all information, including lease terms, rental information, property condition, and financials. All information is deemed reliable but not guaranteed.
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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 |
|---|---|---|---|
| Oct 6, 2026 | Sold | ||
| Sold | |||
| Sep 11, 2026 | In contract | - | |
| In contract | |||
| Sep 9, 2026 | Price Decreased |
$280,000
↓ $5K
(1.8%) | |
| Price Decreased | |||
| Sep 3, 2026 | Relisted | $285,000 | |
| Relisted | |||
| Aug 23, 2026 | In contract | - | |
| In contract | |||
Property Highlights
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About Candle Meadow
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017