909 Springcreek Drive
About This Property
This beautifully updated home is centrally located near I-35E N and US-377 for easy access to major highways, shopping, and just minutes from the University of North Texas. Space and function make this a perfect move in ready home to build a lifetime of memories. The home features a cozy fireplace, split bedrooms, with room and versatility to create a home office or home gym. Updates include vinyl plank flooring throughout, updated fixtures, tub and tiled shower in master bathroom, water heater, front mulch, and paint.
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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 6, 2021 | Sold | ||
| Sold | |||
| Sep 10, 2021 | Listed by Lifestyles Realty Dallas, Inc | $259,000 | |
| Listed by Lifestyles Realty Dallas, Inc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017