7221 Garden Oak Drive
About This Property
Completely remodeled in 2022, the home features modern finishes throughout while maintaining a warm, inviting atmosphere. The carpet and flooring are just 2 years old, complementing the updated interior. A new HVAC system installed at the end of 2023 (and recently updated again this year) provides energy efficiency and year-round comfort. The roof architechual 40 year shingle and fascia were replaced just a month ago, offering peace of mind and long-term durability.
Inside, you'll find a cozy wood-burning fireplace, perfect for relaxing evenings after a day on the lake. The enclosed garage adds versatile space that can be used for storage, a game room, or additional living area. A concrete driveway provides ample parking for guests, boats, or recreational vehicles.
Whether you're searching for a full-time residence, a weekend retreat, or a short-term rental investment, this property checks all the boxes. With its proximity to Lake Texoma, it presents excellent potential for VRBO or Airbnb passive income opportunities.
Enjoy lake life, entertain with ease, and take advantage of everything this desirable Kingston location has to offer.
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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 |
|---|---|---|---|
| Aug 10, 2026 | Price Decreased |
$275,000
↓ $24K
(8%) | |
| Price Decreased | |||
| Jul 4, 2026 | Price Decreased |
$299,000
↓ $21K
(6.6%) | |
| Price Decreased | |||
| Jun 15, 2026 | Price Decreased |
$320,000
↓ $5K
(1.5%) | |
| Price Decreased | |||
| May 14, 2026 | Price Decreased |
$325,000
↓ $15K
(4.4%) | |
| Price Decreased | |||
| Apr 27, 2026 | Listed by Epique Realty | $340,000 | |
| Listed by Epique Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017