5011 Beverly Drive
About This Property
Inside, the light wood-tone floors stretch through open spaces that feel calm and inviting. The living area flows into a bright, updated kitchen where granite countertops, stainless steel appliances, and a classic subway tile backsplash make cooking feel easy, even fun. Thoughtful touches like warm wood trim, soft lighting, and a peek-through opening between the kitchen and living room add a little personality you won't find in newer builds.
The layout offers comfortable bedrooms, two updated baths with fresh tile and fixtures, and even a tucked-away laundry area that keeps daily chores out of sight. Step out back and you'll find an oversized fenced yard with plenty of room to breathe, a shade tree that has been there longer than most of us, and a big wooden deck that practically begs for a Saturday cookout.
And then there is the bonus: a large rear building with loads of potential. Partially framed and ready for finishing, it could become a workshop, guest space, studio, or that dream home office you have been picturing.
It is the kind of place that just feels easy to love, close to shops, restaurants, medical facilities, and minutes from the heart of Waco, yet peaceful enough to hear the crickets at night.
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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 |
|---|---|---|---|
| Apr 10, 2026 | Sold | ||
| Sold | |||
| Mar 16, 2026 | In contract | - | |
| In contract | |||
| Mar 7, 2026 | Price Decreased |
$209,900
↓ $9K
(4.1%) | |
| Price Decreased | |||
| Jan 21, 2026 | Price Decreased |
$218,900
↓ $5K
(2.1%) | |
| Price Decreased | |||
| Oct 28, 2025 | Listed by Keller Williams Realty, Waco | $223,500 | |
| Listed by Keller Williams Realty, Waco | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017