40
Map
805 Evelyn Drive
About This Property
Inside, you'll find a spacious living area anchored by a classic brick wood-burning fireplace, with abundant natural light throughout. The heated and cooled enclosed sunroom provides valuable additional living space - perfect for a second sitting area, office, or hobby room.
The layout is functional and comfortable, featuring three well-sized bedrooms and two full baths. While the home could benefit from cosmetic updates, it has solid bones and offers a wonderful opportunity to personalize and add value over time.
Outside, the side-entry two-car garage, additional storage shed, and expansive yard provide room for gardening, entertaining, or simply enjoying the beauty of mature landscaping and usable land.
Conveniently located just minutes from I-35, you'll enjoy an easy commute to Waco while still experiencing the breathing room and tranquility of country-style living.
If you've been searching for a solid home with character, mature trees, a creek backdrop, and the opportunity to make it your own in Lorena - this property delivers.
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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 |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| Apr 22, 2026 | In contract | - | |
| In contract | |||
| Feb 20, 2026 | Listed by Graceland Real Estate | $349,900 | |
| Listed by Graceland Real Estate | |||
| Feb 19, 2026 | No longer available | - | |
| No longer available | |||
| Jan 15, 2026 | Price Decreased |
$353,990
↓ $10
(0%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017