3318 Wells Drive
About This Property
The home features PVC plumbing, a tankless water heater, and fresh interior paint in select rooms, further enhancing its move-in-ready appeal. Inside, you'll find a spacious living area featuring lovely crown molding and a gas fireplace, creating a warm and inviting focal point. The dedicated dining space flows into the updated kitchen, which offers 42-inch cabinetry and abundant natural light from a skylight.
The downstairs primary suite includes dual walk-in closets and an updated bathroom with a large vanity and tall shower. A second bedroom and full bath are also located downstairs, creating a versatile layout for families and guests alike.
Upstairs, the third bedroom provides flexibility as a home office, playroom, guest room, or private retreat. A brand-new mini-split system is being installed to provide dedicated climate control for the space year-round.
Outside, enjoy a private backyard with lush grass, a covered patio, and a tall privacy fence. Preston Meadow Park is just down the street, while H-E-B, shopping, dining, and major highways are all nearby. Whether you're searching for your next home or a turnkey investment opportunity, this property offers an exceptional combination of schools, location, updates, and value in the heart of West Plano.
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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%.
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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 |
|---|---|---|---|
| Sep 4, 2026 | In contract | - | |
| In contract | |||
| Jul 17, 2026 | Listed by Keller Williams Central | $349,900 | |
| Listed by Keller Williams Central | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017