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1320 Red River Lane
About This Property
Step inside to an inviting, open layout filled with natural light and finished with luxury vinyl plank flooring. At the heart of the home, the kitchen features granite countertops, built-in cabinetry, an eat-in area, and generous workspace, opening naturally to the main living area. Whether you're making dinner while everyone catches up, gathering around the table with friends, or settling in beside the wood-burning fireplace, the spaces flow together comfortably.
At the end of the day, the first-floor primary suite offers a quiet place to unwind with dual sinks, a garden tub, separate shower, linen storage, and a walk-in closet.
Upstairs, three generously sized bedrooms and an impressive 24x16 second living area create a completely different kind of flexibility. Imagine movie nights, game days, a home office, workout space, or simply having another comfortable place to relax and spread out.
Outside, the fenced backyard gives you space for weekend cookouts, quiet evenings, or time outdoors, while the rear-entry garage and alley access keep parking conveniently tucked away.
One major update is already taken care of: a NEW ROOF with a TRANSFERABLE WARRANTY, giving the next owner added peace of mind.
Located in Allen ISD, this home offers more than square footage. It gives you room to gather downstairs, room to spread out upstairs, and the flexibility to make each space your own. Come see it in person and imagine what life could look like here.
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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 3, 2026 | Price Decreased |
$435,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Sep 4, 2026 | Price Increased |
$445,000
↑ $20K
(4.7%) | |
| Price Increased | |||
| Jul 13, 2026 | Relisted | $425,000 | |
| Relisted | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| Jun 18, 2026 | Price Decreased |
$425,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017