441 Salem Drive
About This Property
Upstairs you will find the primary suite with a completely updated, private bathroom, and the two secondary bedrooms, which share a full, updated bathroom. Plenty of room for family, guests, or a home office. Plus, no carpet!
Outside, enjoy a large fenced backyard with mature trees and room for gardening, play, or relaxing evenings on the huge wood deck. Located just minutes from parks, shopping, dining, and Central Expressway, this home offers both convenience and top-rated schools-making it a perfect fit for families or anyone looking for quality and value in Central Richardson.
Don't miss the opportunity to make this charming property your next home!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 7, 2026 | Sold | ||
| Sold | |||
| Dec 7, 2025 | In contract | - | |
| In contract | |||
| Sep 27, 2025 | Price Decreased |
$375,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Sep 18, 2025 | Price Decreased |
$385,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Aug 20, 2025 | Price Decreased |
$395,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017