000 S Hwy 281
About This Property
Discover the beauty and opportunity of country living on this 30-acre tract of unimproved land, conveniently located just off Hwy 281 in Encino Texas. Approximately 28 acres are currently used for hay production and carry an agricultural exemption, providing an excellent opportunity for continued agricultural use. Land is very close to the highway, making it perfect for new development. The property also offers recreational hunting, with wildlife including nilgai, deer, javelina, quail, and dove having been hunted on the land. Whether you're looking for agricultural acreage, recreational land, an investment opportunity, or a place to create your own country retreat, this property offers plenty of possibilities. Enjoy the peace, privacy, and wide-open space of the countryside while maintaining convenient access to Hwy 281 and nearby city amenities. Come explore the possibilities and see what this beautiful acreage has to offer!
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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 |
|---|---|---|---|
| Aug 21, 2026 | Listed by Double J Real Estate | $250,000 | |
| Listed by Double J Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017