1011 Richmond Drive
About This Property
THE PRIVATE BACKYARD OASIS IS WHAT SETS THIS HOME APART with INCREDIBLE POOL SPA WATER FEATURE WITH PERGOLA + OUTDOOR LIVING AREA + OUTDOOR WOOD BURNING FIREPLACE!!! All creates a cozy ambiance for year-round enjoyment. Plus the home is light and bright with Open Floor Plan + open kitchen with latest in quartz countertops. Large kitchen island with seating. 2-story ceiling in Living Room area + Gas Fireplace crowned with a beautiful mantle for cold evenings and views of extraordinary pool area. Large Primary bedroom with spacious bathroom fit for royalty. Large closets and storage throughout. Second Bedroom downstairs. Dedicated office off entryway or you could make it into a formal dining or living area...up to your imagination. Fresh paint in most interior areas. Upstairs we have 3 bedrooms and a large game room. Schools are outstanding and location is prime. Close to George Bush Tollway, I30 and 20minutes to Downtown Dallas. Lots of upscale shopping with new HEB and the best restaurants. 5 minutes from historic downtown Rockwall. THIS IS A MUST SEE!!! Lakeview Summit Community is a haven for everyone. This area includes schools, parks, restaurants and grocery stores within walking distance or only a 5-minute drive away. You cannot beat the location.
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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 30, 2026 | Sold | ||
| Sold | |||
| Apr 8, 2026 | In contract | - | |
| In contract | |||
| Apr 7, 2026 | Relisted | $629,000 | |
| Relisted | |||
| Mar 30, 2026 | In contract | - | |
| In contract | |||
| Mar 26, 2026 | Price Decreased |
$629,000
↓ $8K
(1.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017