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419 Summit Drive
About This Property
The spacious primary suite offers a true retreat with a stunning Taj Mahal-inspired bathroom showcasing elevated finishes and a spa-like feel. Additional upgrades include all new windows, a brand new roof, brand new HVAC system, upgraded PVC plumbing, new garage door and motor, and a new fence.
Every detail has been carefully considered, offering buyers peace of mind with both major system and cosmetic updates already completed. This is a rare opportunity to own a fully renovated home with designer touches in an established Richardson neighborhood.
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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 |
|---|---|---|---|
| Jul 18, 2026 | Price Decreased |
$424,999
↓ $65K
(13.3%) | |
| Price Decreased | |||
| Jun 26, 2026 | Price Decreased |
$489,999
↓ $10K
(2%) | |
| Price Decreased | |||
| Jun 10, 2026 | Price Decreased |
$499,999
↓ $10K
(2%) | |
| Price Decreased | |||
| May 21, 2026 | Listed by Compass RE Texas, LLC. | $510,000 | |
| Listed by Compass RE Texas, LLC. | |||
| Sep 20, 2025 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017