820 Lakeview Drive
About This Property
The main living area features wood-look tile flooring and an easy flow between the living room, dining area, and kitchen. The kitchen includes a center island, generous counter space, ample cabinetry, and clear sightlines into the main living space, making it well suited for cooking, gathering, and entertaining. Ceiling fans are installed in the living room and all five bedrooms. The private primary suite is thoughtfully separated from the secondary bedrooms and includes an ensuite bath and walk-in closet. A dedicated laundry room accommodates a full-size washer and dryer.
Outside, the home offers a covered patio, attached 2-car garage, and a generous fenced backyard with room for outdoor dining, pets, gardening, play, or future entertaining features. Located in Alvarado ISD, approximately 3 miles from Alvarado Park Lake, and near both US-67 and I-35W, this home combines space, value, and convenience in one of Alvarado's growing residential areas. Enjoy a more open setting with no homes directly across the street or immediately behind the property, creating a greater sense of space and privacy.
Some listing photos have been virtually staged to help illustrate the rooms' potential. Furnishings and decor shown in virtually staged images are not present or included with the property.
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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 |
|---|---|---|---|
| Oct 5, 2026 | No longer available | - | |
| No longer available | |||
| Aug 26, 2026 | Price Decreased |
$314,999
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Aug 3, 2026 | Price Decreased |
$320,000
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Jun 28, 2026 | Price Decreased |
$325,000
↓ $15K
(4.4%) | |
| Price Decreased | |||
| May 28, 2026 | Listed by Coldwell Banker Realty | $340,000 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017