7603 Iridium DR
About This Property
The private primary suite serves as a relaxing retreat, highlighted by a tray ceiling and a well-appointed ensuite bath with dual vanities, a soaking tub, a separate glass-enclosed shower, and a walk-in closet. Two additional bedrooms, each with their own closet, offer flexible options for guests, a home office, or creative space and share a full bath. Step outside to the large, fenced backyard where a covered patio and extended patio sets the stage for weekend barbecues, morning coffee, or evening gatherings under the Texas sky. All of this is complemented by a prime location close to schools, everyday conveniences, abundant shopping and dining, easy access to US 190, TX 195, and I-35, and just a short drive to the regional airport-making this home an exceptional blend of comfort, convenience, and lifestyle.
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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 |
|---|---|---|---|
| Jul 1, 2026 | No longer available | - | |
| No longer available | |||
| Jun 5, 2026 | Price Decreased |
$275,000
↓ $15K
(5.2%) | |
| Price Decreased | |||
| May 4, 2026 | Price Decreased |
$290,000
↓ $7K
(2.4%) | |
| Price Decreased | |||
| Feb 5, 2026 | Price Decreased |
$297,000
↓ $3K
(1%) | |
| Price Decreased | |||
| Dec 30, 2025 | Listed by KWLS - T. Kerr Property Group | $299,900 | |
| Listed by KWLS - T. Kerr Property Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017