7449 N 127th Drive
About This Property
The site is strategically located near major transportation corridors, including Loop 101, providing convenient access to the greater Phoenix metropolitan area. Just 3.5 miles from the Westgate Entertainment District, the property benefits from proximity to premier retail, dining, and entertainment venues, as well as State Farm Stadium and Desert Diamond Arena. Surrounding the site are established and active residential communities developed by nationally recognized builders such as Lennar, KB Home, Meritage Homes, and K. Hovnanian Homes, underscoring strong demand for new housing in the area.
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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 8, 2026 | Price Decreased |
$600,000
↓ $200K
(25%) | |
| Price Decreased | |||
| Oct 3, 2026 | Listed by Congress Realty, Inc. | $800,000 | |
| Listed by Congress Realty, Inc. | |||
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About Yucca
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$999 /mo
- 2 Beds
- 1 Bath
- 950 ft²
$2,150 /mo
- 4 Beds
- 3 Baths
- 2,031 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017