8700 Red Oaks Drive
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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 |
|---|---|---|---|
| Apr 12, 2023 | Sold | ||
| Sold | |||
| Jan 16, 2023 | Listed by EXP REALTY | $610,000 | |
| Listed by EXP REALTY | |||
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This is the house you have been waiting for!! Stunning Home Located on a corner lot in Mckinney! This beautiful home features 4 bedrooms and 3.5 bathrooms, gorgeous wood flooring throughout, high ceilings, open concept kitchen with lots of cabinet space and natural light. Primary room located in first floor with a a gorgeous sized walk in closet, study room features coffered ceilings and built-in bookcases, perfect for the book lover in your life! Second floor features a dual staircase to the game room perfect for entertaining, additional bedrooms with easy access to the Jack and Jill bathrooms. The show stopper is the backyard with a gorgeous pool, you will be ready to host all of the pool parties this summer! Easy access to custer road and El Dorado, restaurants and parks. Book your appointment today! AS-IS, WHERE-IS, BUYER TO PURCHASE SURVEY, SELLER TO MAKE NO REPAIRS.
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| May 24, 2022 | Sold | ||
| Sold | |||
| Apr 12, 2022 | Listed by Rendon Realty, LLC | $699,000 | |
| Listed by Rendon Realty, LLC | |||
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About Stonebridge Ranch
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017