4220 Ranger Road
About This Property
Welcome to Water Crest Ranch, one of Abilene's newest residential developments just off FM 600 (Westlake Road). This newly built 3-bedroom, 2-bathroom home combines modern comfort with quality craftsmanship in a peaceful neighborhood setting. Featuring an open-concept layout, this home offers a spacious living area, a stylish kitchen with granite countertops, and durable tile flooring in the main spaces with plush carpet in the bedrooms. The split-bedroom design ensures privacy, with the primary suite offering a walk-in closet and a private en-suite bath.
Located just minutes from ACU, Hendrick North Medical Center, and the Lancium tech project, this home is ideal for professionals and families looking to plant roots in a growing community. Enjoy nearby shopping, dining, and quick access to Abilene's north side amenities.
Situated within Abilene ISD (specific schools to be verified), this home is scheduled for completion in August 2025.
Don't miss the opportunity to be among the first to own in this exciting new 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 |
|---|---|---|---|
| Dec 3, 2025 | Sold | ||
| Sold | |||
| Nov 4, 2025 | In contract | - | |
| In contract | |||
| Jul 25, 2025 | Listed by Copperleaf Properties | $307,900 | |
| Listed by Copperleaf Properties | |||
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About Buck Creek Area
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Last Updated: 11 months ago
Data Source: NTREIS MLS, MLS# 21013295
Details provided by NTREIS and may not match the public record
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