837 Lilac Drive
About This Property
This beautifully upgraded home in the sought-after Garland Heights neighborhood offers comfort, style, and functionality on a quiet, interior lot. Established neighborhood, mature trees, and great location - minutes to HWY 78 & PGBT for quick commutes, as well as local shops & dining. Step inside to an open floor plan featuring fresh, neutral paint inside and out, hardwoods and tile throughout -- that means NO CARPET, designer lighting, and custom cabinetry with granite countertops in both the kitchen and bath. In addition, newly installed large windows offer an abundance of natural light.
The large, well-appointed kitchen boasts stainless steel appliances, gas cooktop, and designed tile flooring & backsplash that opens seamlessly into a spacious dining area-perfect for hosting gatherings or enjoying quiet family meals. A dedicated laundry room adds convenience, while a new electric panel ensures peace of mind.
Enjoy outdoor living in the expansive, fully-fenced private backyard-ideal for pets, play, or entertaining. No HOA means more freedom and fewer restrictions. This move-in-ready gem combines modern upgrades with classic charm-don't miss your chance to call it home!
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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 |
|---|---|---|---|
| Jun 26, 2025 | Sold | ||
| Sold | |||
| Jun 6, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Price Decreased |
$240,000
↓ $10K
(4%) | |
| Price Decreased | |||
| Apr 23, 2025 | Listed by Keller Williams Realty DPR | $250,000 | |
| Listed by Keller Williams Realty DPR | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017