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7011 Mitchell Drive
About This Property
Discover the possibilities at 7011 Mitchell Drive! Situated on approximately one acre, this double-wide manufactured home offers the space, privacy, and open surroundings of country living at an affordable price. The expansive lot features mature trees, generous green space, a storage building, and plenty of room for outdoor activities, gardening, and enjoying the peaceful surroundings.
Located in the Terrell area, the property offers a rural atmosphere while remaining convenient to shopping, dining, schools, and everyday essentials. With access to major highways, downtown Dallas and the surrounding employment centers are within commuting distance, offering a balance of country living and city convenience.
Priced at $125,000, this property presents an opportunity for investors, renovators, or buyers looking to create a home of their own. Comparable manufactured homes in the surrounding area have sold at substantially higher prices, offering potential for buyers willing to make improvements.
The home requires repairs and updates, including flooring, interior finishes, and exterior improvements. The front entry ramp needs replacement, and the rear sliding door does not have a landing. The property includes an existing septic system and is being sold **as-is, with the seller making no repairs**. 7112 Mitchell Dr recently sold for $282,000.
Expected to be vacant by the end of October. Bring your vision and explore the possibilities of transforming this property into your own country retreat!
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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 |
|---|---|---|---|
| Oct 13, 2026 | In contract | - | |
| In contract | |||
| Oct 7, 2026 | Listed by Compass RE Texas, LLC | $125,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017