925 Melrose Drive
About This Property
Step inside to an inviting open-concept living space, bathed in natural light from large newly replaced Woodbridge windows throughout. The living area effortlessly transitions into a contemporary updated kitchen featuring stainless steel gas range, dishwasher, refrigerator and granite counters, cabinets perfect for cooking and casual meals.
The primary suite offers a serene escape with its en-suite bathroom, recently updated wtih granite counters and tiled walk in shower. Two additional bedrooms provide flexibility for guests, an office, or a hobby room, complemented by a stylish second bathroom.
Outside, enjoy a generous backyard ready for gatherings, gardening, or Texas sunbathing. A two-car garage adds convenience and storage.
Located on a quiet street, this well-landscaped home is minutes from Waco's attractions, Baylor University, and lush parks. Embrace the balance of serenity and convenience. Your perfect Waco retreat awaits!
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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 |
|---|---|---|---|
| Dec 22, 2025 | Sold | ||
| Sold | |||
| Nov 25, 2025 | In contract | - | |
| In contract | |||
| Nov 18, 2025 | Price Decreased |
$229,500
↓ $6K
(2.3%) | |
| Price Decreased | |||
| Nov 4, 2025 | Price Decreased |
$235,000
↓ $5K
(2.1%) | |
| Price Decreased | |||
| Sep 17, 2025 | Listed by Coldwell Banker Apex, REALTORS | $240,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017