501 Meadow DR
About This Property
The inviting living room features a cozy wood-burning fireplace, updated vinyl plank flooring, recessed lighting, and abundant natural light. The kitchen offers ample cabinetry, generous counter space, and a dining area perfect for family meals and gatherings. The primary bedroom is conveniently located on the main level and includes a walk-in closet.
Outside, you'll find a covered front porch, enclosed patio, mature shade trees, private fenced backyard, and attractive landscaping that enhances the home's curb appeal. The attached two-car garage plus an additional covered carport provide exceptional parking and storage flexibility for multiple vehicles, recreational equipment, trailers, or guests.
Recent improvements provide peace of mind and added value, including a roof replaced in 2019, tankless water heater (2022), water softener, enclosed patio addition, wood-burning stove, updated flooring (2025), HVAC system installed in 2025, ductwork repairs, and an updated front door and storm door.
Conveniently located near Rockdale schools, parks, tennis courts, shopping, dining, and community amenities, this property also offers easy access to Taylor, the Samsung development, Austin, Temple, Bryan-College Station, and other major Central Texas growth corridors.
Whether you're a first-time homebuyer, downsizing, or looking for a move-in-ready home in Milam County, 501 Meadow Drive offers the perfect combination of comfort, updates, convenience, and small-town Texas charm
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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 |
|---|---|---|---|
| Jul 14, 2026 | In contract | - | |
| In contract | |||
| Jul 11, 2026 | Price Decreased |
$199,000
↓ $36K
(15.3%) | |
| Price Decreased | |||
| Jun 1, 2026 | Listed by Keller Williams Realty | $235,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017