233 Thompson Circle
About This Property
Some homes just feel easy the moment you walk through the door. This one welcomes you in with open space, natural light, and a layout that feels comfortable from the start.
Inside, the main living area opens wide beneath vaulted ceilings and centers around a striking painted brick fireplace that brings both character and warmth to the room. Fresh paint and updated flooring throughout create a clean, modern feel while still keeping the home comfortable and inviting.
The kitchen offers abundant cabinetry, subway tile backsplash, black countertops, and a practical layout that flows naturally into the dining area where a large arched window brings in soft natural light. The primary suite provides a comfortable retreat, with sliding barn doors opening to a spacious bathroom featuring dual sinks and an oversized walk-in closet.
Out back, the covered patio looks across a large fenced yard with plenty of room for gatherings, outdoor projects, or simply enjoying a slower evening outside. A storage shed adds extra storage for tools and equipment.
Located in an established Lorena neighborhood, the home offers the benefit of small-town living while still being just minutes from I-35 and a short drive to the shopping, restaurants, and medical services at the I-35 and Hwy 6 junction.
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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 |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| Apr 8, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Listed by Keller Williams Realty, Waco | $349,900 | |
| Listed by Keller Williams Realty, Waco | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017