221 Rio Rim Road
About This Property
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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 |
|---|---|---|---|
| Sep 10, 2026 | Listed by Coldwell Banker Apex, REALTORS | $260,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
| May 14, 2025 | Sold | ||
| Sold | |||
| Mar 28, 2025 | Listed by Keller Williams Realty, Waco | $265,000 | |
| Listed by Keller Williams Realty, Waco | |||
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Welcome to peaceful country living with a modern twist—this well-cared-for 3-bedroom, 2-bath home on just under an acre offers the kind of space and tranquility that invites you to slow down and stay awhile. Inside, the open-concept floor plan creates a seamless flow between the living, dining, and kitchen areas, where warm wood accents, faux beams, and crown molding bring a cozy yet polished feel. The kitchen is a true standout, featuring a generous island with raised counter seating, stylish pendant lights, stainless steel appliances with sleek black finishes, and a large farm-style sink tucked beneath a window that frames the view of your wide-open backyard.
The spacious primary suite is your personal retreat with a soaking tub that invites long, relaxing evenings, a separate shower, and dual vanities for added convenience. Two additional bedrooms offer plenty of room for guests, hobbies, or work-from-home setups. Step outside to enjoy the above-ground pool, a covered two-car carport, and a charming barn-style shed with a metal roof—ideal for storage or a little workshop.
With a flat, open lot and views of stunning sunrises and sunsets, it’s easy to imagine quiet mornings with coffee on the porch or peaceful evenings under the big Texas sky. Located in a quiet neighborhood just outside Gholson and only a 20-minute drive from shopping, dining, and medical services in Waco, this home strikes the perfect balance between peaceful rural charm and convenient access to everything you need.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017