2077 Wright Way Circle
About This Property
The lot itself is the key value here, offering over a quarter acre with mature trees, a two-car covered carport, and existing co-op water, electric, and septic. Having these utilities ready to go provides a major savings compared to unimproved land.
The location offers easy access to Quinlan, local schools, Highway 276, and Lake Tawakoni, which makes this a smart option for rental investment, resale potential, or placement of a new manufactured home once improved.
If you are looking for an affordable project with solid upside potential, this one is worth a look.
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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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Feb 15, 2026 | In contract | - | |
| In contract | |||
| Jan 15, 2026 | Price Decreased |
$95,000
↓ $5K
(5%) | |
| Price Decreased | |||
| Dec 4, 2025 | Listed by Livv Real Estate, LLC | $100,000 | |
| Listed by Livv Real Estate, LLC | |||
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About Hunt
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$1,350 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017