3501 Thorp Springs Drive
About This Property
Cooks will love the SS appliances, with ample granite counter space and solid wood cabinets! Formal living room currently used as home office, but also makes a great nursery, hobby or exercise space, or even 5th bedroom in a pinch! This prime Plano location affords easy walk to Russell Creek Park, a 150-acre park with lake, sports courts and sand volleyball, AND easy drive to dining, shopping & entertainment, incl. Stonebriar, Legacy Town Center, and all major highways incl. DNT, 121, 75 and 190. This home is so beautiful & comfortable and the major work has been completed so you can just move in, relax and enjoy!
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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 |
|---|---|---|---|
| Jul 28, 2025 | Sold | ||
| Sold | |||
| Jul 5, 2025 | In contract | - | |
| In contract | |||
| Jul 2, 2025 | Price Decreased |
$650,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Jun 9, 2025 | Price Decreased |
$675,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| May 17, 2025 | Listed by Keller Williams Central | $685,000 | |
| Listed by Keller Williams Central | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017