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8501 Mustang Drive
About This Property
Excellent opportunity to own a beautifully maintained single-story home on a desirable corner lot in the heart of Valley Ranch, zoned to Carrollton ISD's highly sought-after Ranchview schools. This thoughtfully designed 3-bedroom, 2-bath residence features an inviting open layout with vaulted ceilings, hardwood floors, crown molding, and plantation shutters throughout. The kitchen is a true standout, showcasing crisp white cabinetry, granite countertops, stainless steel appliances, and a stylish backsplash, all seamlessly flowing into the main living areas-perfect for both everyday living and entertaining. Retreat to the spacious primary suite, complete with a charming bay window sitting area and a private ensuite bath featuring dual sinks. Step outside to your own private backyard oasis, highlighted by a built-in gas grill and a board-on-board fence-ideal for relaxing or hosting gatherings. Enjoy a prime location just minutes from Ranchview High School, with easy access to nearby trails, parks, shopping, and dining. Don't miss this exceptional opportunity-schedule your showing today!
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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 |
|---|---|---|---|
| Jun 8, 2026 | Sold | ||
| Sold | |||
| May 15, 2026 | In contract | - | |
| In contract | |||
| Mar 25, 2026 | Listed by Real Estate Diplomats | $364,900 | |
| Listed by Real Estate Diplomats | |||
| Feb 15, 2026 | No longer available | - | |
| No longer available | |||
| Dec 9, 2025 | Price Decreased |
$439,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017