401 NW 3rd Street
About This Property
The layout includes three bedrooms, two bathrooms, and two large living areas, plus a bright glassed-in sunroom that's perfect for morning coffee or peaceful evenings, even though it's not counted in the official living space.
The kitchen opens to both a cozy breakfast nook and a formal dining room, and just off the main living area, you'll find built-ins, a gas log fireplace, and wide windows overlooking the shady backyard. There's plenty of storage throughout, along with a dedicated laundry room, a versatile bonus room, and an attached two-car garage.
Out back, things get even better. A 20x20 powered workshop-with concrete floors, a half bath, and an 8x20 covered porch workspace-is wired for big tools like welders or compressors and topped with a newer 30-year composite roof. Nearby, a 30'x42' metal carport with 14' clearance and 4' skirting can comfortably fit up to six vehicles. The front skirting panel cleverly folds open to allow access for tall boats or RVs, and there's even a 50A RV hookup already in place.
The home sits along two quiet roads with very little traffic, and a 25-foot flagpole out front marks the spot with a little extra pride. The surrounding area is dotted with five small lakes and offers one of those scenic drives that make the journey just as enjoyable as the destination.
Living in Hubbard means enjoying a slower pace, wide open skies, and a strong sense of community-all within 30 minutes of Waco, Hillsboro, Mexia, and Corsicana. With a shady yard, flexible spaces, and that small-town Texas charm, this home offers room to tinker, space to breathe, and a sense of possibility around every corner.
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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 |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| Apr 23, 2025 | Listed by Keller Williams Realty, Waco | $285,000 | |
| Listed by Keller Williams Realty, Waco | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017