709 Meridian Drive
About This Property
A striking two-tone brick and stone exterior, crisp white window frames, professional landscaping, full sod, and an irrigation system create impressive curb appeal. Inside, the open-concept great room flows into a chef-inspired kitchen featuring Level 3 42-inch cabinetry, a designer tile backsplash, a large center island, and a sleek pull-down faucet, creating the perfect space for gathering and entertaining. The private primary suite offers a spa-inspired bath with a drop-in soaking tub, frameless tile shower, and elegant matte black fixtures. A dedicated study provides a flexible work-from-home space, while upgraded carpet, designer tile flooring, a custom lighting package, and a spacious 3-car garage complete this move-in-ready home. Located in the gated Rio Vista at Kelly Ranch community, residents enjoy planned resort-style amenities including pools, a fitness center, pickleball and tennis courts, walking trails, parks, and open green spaces. Convenient access to Aledo, Fort Worth, I-20, and I-30 makes this an exceptional opportunity to enjoy luxury living in one of North Texas' most desirable new home communities.
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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 |
|---|---|---|---|
| Sep 30, 2026 | Sold | ||
| Sold | |||
| Sep 18, 2026 | In contract | - | |
| In contract | |||
| Aug 19, 2026 | Price Decreased |
$489,990
↓ $5K
(1%) | |
| Price Decreased | |||
| Aug 8, 2026 | Price Decreased |
$494,990
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Jul 29, 2026 | Listed by DRB Group Realty, LLC | $509,990 | |
| Listed by DRB Group Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017