920 Banyan Tree Lane
About This Property
This 5 bedroom, 3.5 bathroom home offers everything you need. Hardwood flooring flows throughout the first floor of this well-designed floor plan. The bright and airy living room opens to the loft above. You'll find ample storage space and sleek finishes in the inviting kitchen, complete with quartz countertops, stainless steel appliances and a large island. The primary bedroom is downstairs and features a spacious ensuite bath with dual sinks, walk in shower and a soaking tub. Upstairs you will find 4 more spacious bedrooms, and a large gameroom with vaulted ceiling. The private backyard offers a covered patio for relaxing outside.
Easy and convenient location right next to 75 and 635 in Richardson ISD!
Seller and preferred lender incentives are available. Come tour today!
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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 |
|---|---|---|---|
| Aug 27, 2024 | Sold | ||
| Sold | |||
| Jun 27, 2024 | In contract | - | |
| In contract | |||
| Jun 14, 2024 | Price Decreased |
$819,000
↓ $30K
(3.5%) | |
| Price Decreased | |||
| May 2, 2024 | Listed by Compass RE Texas, LLC | $849,000 | |
| Listed by Compass RE Texas, LLC | |||
| Jan 2, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017