3405 N Riley Place
About This Property
With 3 bedrooms, each featuring its own ensuite bathroom, plus a convenient half bath downstairs for guests, this home is perfectly designed for both comfort and privacy. Nestled in the sought-after Grayson Villas neighborhood, it offers a peaceful retreat while still providing easy access to nearby schools, grocery stores, parks, restaurants, entertainment, and major highways. Plus, DFW Airport is just a short drive away, making travel effortless.
Upstairs, you'll find a spacious media room-ideal for movie nights or family gatherings-as well as an office landing, offering a quiet space to work or unwind. All major systems have been updated and meticulously maintained, providing peace of mind for years to come.
The sense of community in Grayson Villas is unparalleled, with neighbors who feel more like family, always looking out for one another. With its perfect location, thoughtful layout, and move-in-ready condition, this home is poised to welcome its next chapter.
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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 |
|---|---|---|---|
| Mar 13, 2025 | Sold | ||
| Sold | |||
| Feb 12, 2025 | In contract | - | |
| In contract | |||
| Jan 29, 2025 | Listed by Fine Point Homes Real Estate | $550,000 | |
| Listed by Fine Point Homes Real Estate | |||
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About Grayson Villas
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017