1908 Ridgecrest Drive
About This Property
Located in the friendly and growing community of Royse City, this home is just minutes from local schools, parks, and amenities, offering a perfect blend of peaceful suburban living and convenient access to the Dallas-Fort Worth area. The spacious backyard includes two sheds, one with electricity and insulation for the ideal workspace, an enclosed patio with a mini-split AC unit for year-round comfort. Plus, there are no MUD, PID, or HOA fees to worry about.
This home truly combines comfort, charm, and a fantastic location in Royse City. It's a must-see for anyone searching in the area!
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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 |
|---|---|---|---|
| Dec 8, 2025 | Sold | ||
| Sold | |||
| Nov 18, 2025 | In contract | - | |
| In contract | |||
| Nov 17, 2025 | Price Increased |
$306,000
↑ $6K
(2%) | |
| Price Increased | |||
| Nov 12, 2025 | Listed by Monarc Realty | $299,997 | |
| Listed by Monarc Realty | |||
| Jul 23, 2020 | No longer available | - | |
| No longer available | |||
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About Royse City
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$2,250 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017