9304 Springwater Drive
About This Property
Located on a quiet street, this home boasts a master suite on the main floor, providing a peaceful retreat from the bustling city life. The updated kitchen features modern appliances and ample counter space, perfect for cooking and entertaining.
Step outside to your own private paradise, complete with a sparkling pool and plenty of space for lounging and dining al fresco. The beautifully landscaped backyard offers a serene escape, ideal for relaxing or hosting gatherings with friends and family.
Conveniently situated near White Rock Lake, you'll have easy access to outdoor activities and scenic views. Plus, with its central location, you're just a short drive away from Dallas' vibrant downtown area, shopping, dining, and entertainment options.
It's paradise in the city
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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 5, 2024 | Sold | ||
| Sold | |||
| Feb 16, 2024 | Listed by Coldwell Banker Realty | $725,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017