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Map
501 Cap Rock Drive
About This Property
Beautifully updated and move-in ready in the highly sought-after Canyon Creek neighborhood of Richardson, this charming single-story home offers the perfect blend of style and comfort. The exterior of the house was recently painted to give the curb appeal a beautiful refresh. Situated on an oversized .27-acre lot, the property features a spacious backyard ideal for entertaining, pets, or play, or for a future additon!
Inside, you'll find an open-concept floorplan with fresh interior paint, luxury vinyl plank flooring, and abundant natural light throughout. The remodeled kitchen is designed for both everyday living and entertaining, featuring quartz countertops, white cabinetry, a farmhouse sink, and a large center island. Both bathrooms and the laundry room have also been thoughtfully updated. Custom curtains and shades to convey with property.
Major system upgrades provide added value and confidence, including PVC plumbing, a hot water heater replaced in 2024, and previously updated windows, roof, and HVAC. Conveniently located near parks, dining, shopping, major highways, and top-rated Richardson ISD schools, this Canyon Creek gem combines modern updates with an unbeatable location!
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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 6, 2026 | Sold | ||
| Sold | |||
| Jun 4, 2026 | In contract | - | |
| In contract | |||
| May 26, 2026 | Listed by Paragon, REALTORS | $685,000 | |
| Listed by Paragon, REALTORS | |||
| Oct 15, 2021 | Sold | ||
| Sold | |||
| Sep 9, 2021 | Listed by Better Homes & Gardens, Winans | $465,000 | |
| Listed by Better Homes & Gardens, Winans | |||
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Beautiful open floorplan home in desirable Canyon Creek area. 2020 complete home remodel...kitchen with quartz countertops, white cabinets, white farmhouse sink, large island. Bathrooms and laundry room updated. Ceilings scraped and fresh wall paint thru out. Luxury vinyl plank flooring is absolutely gorgeous as are the baseboards. Cast iron pipes under the house were replaced with PVC pipes in 2020. Windows, AC, roof replaced 2016. Oversized grassy backyard is ideal for kids and pets. Lot size in DCAD seems low...buyer will see. Near parks, hospital, restaurants, Canyon Creek Country Club. Quick access to 75 or George Bush Turnpike. Richardson ISD.
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Property Highlights
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About Canyon Creek
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017