7185 Mesquite Ridge
About This Property
This peaceful and beautiful 5-acre property offers it all, including a spacious 2778 sq-ft main house, guest quarters MIL suite and outdoor Oasis for relaxing and entertaining. Key features include new carpet & built-in cabinetry plus new porcelain counters in the kitchen. Master bathroom includes a new spacious in rain shower and copper sinks. The large Master bedroom has access to the back patio which features a stone fireplace, pizza grill, and coolers, perfect for any outdoor gathering. The covered outdoor Oasis has a grill, smoker, and ample seating. The backyard has a huge barn with electricity, offering fenced pastures and a loafing shed. The guest quarters span 1,200 sq. ft. and include a spacious combined living-bedroom, dining, and a huge closet. It is equipped with its own meter and is ADA accessibility.
You will love this location with the ample living space, the serene private setting, and it is only 10 minutes from I-35 and 13 minutes from downtown Denton.
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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 |
|---|---|---|---|
| Mar 25, 2026 | Sold | ||
| Sold | |||
| Mar 6, 2026 | In contract | - | |
| In contract | |||
| Feb 3, 2026 | Price Decreased |
$799,900
↓ $25K
(3%) | |
| Price Decreased | |||
| Jan 14, 2026 | Price Decreased |
$824,900
↓ $25K
(2.9%) | |
| Price Decreased | |||
| Sep 18, 2025 | Price Decreased |
$849,900
↓ $50K
(5.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017