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3606 Fairlands Drive
About This Property
3606 Fairlands Dr is a two-story Richardson single-family home built in 1995 on a 9,170-square-foot lot. The kitchen features a granite-topped center island, wood cabinetry, stainless steel appliances, and tile flooring that opens to the adjacent dining area. The main living space includes a fireplace and hardwood flooring, with large windows drawing in natural light. The primary bathroom offers a separate soaking tub, a glass-enclosed shower, and a vanity, and the home provides five bedrooms and four full bathrooms across two levels. The fully fenced backyard includes an in-ground pool with a surrounding deck for outdoor use. A two-car attached garage adds covered parking, and the home sits within the Creek Hollow Homeowners Association with city water and sewer service. This home has been virtually staged to illustrate its potential. Home comes with a 100-Day Home Warranty.
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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 | Price Decreased |
$575,000
↓ $11K
(1.9%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Decreased |
$586,000
↓ $9K
(1.5%) | |
| Price Decreased | |||
| Aug 13, 2026 | Price Decreased |
$595,000
↓ $6K
(1%) | |
| Price Decreased | |||
| Jul 30, 2026 | Listed by Opendoor Brokerage, LLC | $601,000 | |
| Listed by Opendoor Brokerage, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017