7421 Gray Wolf Lane
About This Property
The kitchen opens seamlessly to the main living area, making it ideal for gathering with family and friends. Both bathrooms offer ample storage and functionality, while the generously sized bedrooms provide comfort and flexibility for a variety of lifestyles. The home's efficient floor plan maximizes every square foot, creating a space that feels both spacious and welcoming.
Step outside to enjoy an expanded patio where the concreted area has been enlarged and beautifully accented with crushed granite, creating an inviting, low-maintenance outdoor retreat perfect for relaxing or hosting guests.
Additional highlights include updated lighting, ceiling fans, and a true move-in-ready feel throughout. Conveniently located near top-rated McKinney schools, shopping, dining, parks, and major highways, this home offers the perfect combination of comfort, style, and convenience in one of McKinney's most desirable communities.
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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%.
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 21, 2026 | Sold | ||
| Sold | |||
| Jun 29, 2026 | In contract | - | |
| In contract | |||
| Jun 21, 2026 | Price Decreased |
$269,000
↓ $10K
(3.6%) | |
| Price Decreased | |||
| Jun 9, 2026 | Price Decreased |
$279,000
↓ $10K
(3.5%) | |
| Price Decreased | |||
| May 26, 2026 | Price Decreased |
$289,000
↓ $8K
(2.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017