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5101 Raincrest Drive
About This Property
Located in the established Villages of Lake Forest, this home features a split-bedroom design with three bedrooms, a private study with French doors, and a formal dining room-ideal for both everyday living and working from home.
The open living area flows into a large kitchen with abundant cabinetry and counter space, creating a functional layout perfect for entertaining or daily life. The private primary suite includes a sitting area, soaking tub, and separate shower, offering a comfortable retreat.
Recent improvements include remodeled bathrooms with updated tile and surrounds, new glass enclosures, upgraded hardware, partial plumbing updates, and enhanced tile flooring. A versatile bonus room adds even more flexibility-perfect for a home office, gym, or playroom.
Step outside to a spacious backyard with mature shade trees and a storage shed, providing a peaceful setting for relaxing or hosting.
Conveniently located just minutes from Historic Downtown McKinney, and close to shopping, dining, trails, a community pool, and McKinney Boyd High School.
Thoughtfully updated and priced to reflect today's market-this is a standout opportunity in a prime location.
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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 |
|---|---|---|---|
| Jun 18, 2026 | Sold | ||
| Sold | |||
| Apr 24, 2026 | In contract | - | |
| In contract | |||
| Mar 21, 2026 | Price Decreased |
$419,000
↓ $20K
(4.6%) | |
| Price Decreased | |||
| Feb 28, 2026 | Price Decreased |
$439,000
↓ $11K
(2.4%) | |
| Price Decreased | |||
| Feb 5, 2026 | Listed by Great Western Realty | $450,000 | |
| Listed by Great Western Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017