7501 Monterrey Drive
About This Property
Don't miss this stately two-story 1960's built home in northeast Fort Worth! Featuring three oversized living areas, four bedrooms, two bathrooms, a large outdoor patio, two car garage with oversized driveway for additional parking, and a nicely sized backyard all packaged together on a corner lot! Huge shed in the oversized back yard. This home is the perfect canvas to bring your designer and your ideas to renovate into a wonderful home for years to come. With great bones and a unique floor plan with tons of living space this home just needs your touches and ideas to bring this home to life. To be sold as-is with no repairs. Probate will take 30-90 days to close. Details for heirs have been approved but final numbers will have to go back for approval.
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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 |
|---|---|---|---|
| Jan 18, 2023 | Sold | ||
| Sold | |||
| May 27, 2022 | Listed by TDT Realtors | $299,000 | |
| Listed by TDT Realtors | |||
| Feb 19, 2022 | No longer available | - | |
| No longer available | |||
| Feb 18, 2022 | Relisted | $240,000 | |
| Relisted | |||
| Feb 5, 2021 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017