1600 Ridgewood Drive
About This Property
The primary suite is truly a retreat, featuring beautiful wood floors and an adjoining office or sitting area with doors for privacy. The spa-like bath will take your breath away with its gorgeous countertops, separate soaking tub, and walk-in shower. The closet is one of the largest you'll find-complete with extensive built-ins and abundant hanging space.
The second bedroom is privately located and includes its own bath with a lovely shower and a spacious closet. The oversized double garage features plenty of room for storage. Outside, the backyard offers just the right amount of space, enclosed by a wrought-iron fence that enhances the view while maintaining privacy. The covered patio is the perfect spot to relax or entertain in comfort. A reinforced cinder block safe room, designed to withstand tornado-force winds, is conveniently located within the interior closet.
Located in The Oaks at Ridgewood, a beautiful, privately gated community near Ridgewood Country Club, this home enjoys an ideal Waco location. The HOA provides ease of living by covering lawn maintenance of the communal areas and the private gated entry-allowing you to enjoy a low-maintenance lifestyle in one of Waco's most desirable areas.
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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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Apr 3, 2026 | In contract | - | |
| In contract | |||
| Feb 17, 2026 | Price Decreased |
$819,000
↓ $31K
(3.6%) | |
| Price Decreased | |||
| Jan 22, 2026 | Price Decreased |
$849,900
↓ $48K
(5.4%) | |
| Price Decreased | |||
| Nov 3, 2025 | Listed by Camille Johnson | $897,900 | |
| Listed by Camille Johnson | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017