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7509 Thompson Parkway
About This Property
Fabulous updates throughout this entire home! New flooring; wood look vinyl in living, kitchen and dining, and carpet in the bedrooms. Granite on all countertops along with updated bathrooms. Open floor plan in the grand living, dining and kitchen combination. Great laundry room and a freshly painted garage, too. An extended concrete patio was added to the back yard space which was already big enough for a baseball game or fun game of chase! Don't let this one pass you by. Seller's Disclosure uploaded, yet no updated survey in hand. Showings are easy on Thursday, Friday and Saturdays, but the rest of the week, showings will need to be planned from 3pm-7pm only. Buyer and buyer's agent to confirm schools and all measurements. No showings after 7pm on any day!
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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 |
|---|---|---|---|
| Jun 22, 2026 | Sold | ||
| Sold | |||
| May 5, 2026 | In contract | - | |
| In contract | |||
| Apr 29, 2026 | Listed by Red Apple Realtors | $259,900 | |
| Listed by Red Apple Realtors | |||
| Aug 9, 2023 | Sold | ||
| Sold | |||
| May 23, 2023 | Listed by Coldwell Banker Apex, REALTORS | $162,500 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
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Exceptional Potential in this Traditional Ranch located in Mesquite Forrest! Features include a generous sized living area with stately fireplace and a high ceiling design, bright and cheerful kitchen area adjoining the living area, three bedrooms, two baths. relaxing covered patio overlooking the private back yard and is located in the Wylie ISD. There is some TLC needed...so bring you decorating ideas, schedule your private tour and make this your dream home today! Property is sold as is. Seller pays no closing costs including Title Policy, Survey, Escrow Fees or Transfer Fees, unless negotiated. This property may qualify for Seller Financing (Vendee). Measurements and Schools should be verified.
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Last Updated: 4 months ago
Data Source: NTREIS MLS, MLS# 21254916
Details provided by NTREIS and may not match the public record
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