1432 Red River Drive
About This Property
Mornings with coffee on the porch. Bike rides to school. Friday night cookouts that turn into late-night conversations under the stars. Life just moves better out here-and this 3-bedroom, 2-bath home is right in the middle of it all.
One of the best-kept secrets? The lakes. Yes-multiple lakes, right inside the community. Just a few minutes' walk from your front door, you can spend the evening fishing, paddleboarding, kayaking, or enjoying a sunset stroll around the water. It's a lifestyle upgrade you don't often find in this price point.
Step inside and feel the light. The open layout creates effortless flow from the kitchen to the living area, perfect for everything from quiet nights in to weekend get-togethers. The kitchen offers ample cabinet space and a layout that works for real life-meal prepping, entertaining, or helping with homework while dinner's on the stove.
The primary suite is tucked away for privacy and comfort, while the two additional bedrooms offer flexible space for whatever life throws your way-guests, kids, a home office, or your next big idea.
Located minutes from Denton and Lake Lewisville, you're close to everything but never caught in the chaos. If you've been searching for more than just a house... if you're ready for lifestyle, connection, and calm-this might be the one
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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 |
|---|---|---|---|
| Jun 20, 2025 | Sold | ||
| Sold | |||
| May 31, 2025 | In contract | - | |
| In contract | |||
| May 15, 2025 | Price Decreased |
$299,999
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Apr 15, 2025 | Listed by The Platinum Group Real Estate | $305,000 | |
| Listed by The Platinum Group Real Estate | |||
| Mar 20, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017