000 Stringtown Road
About This Property
45+ acre recreational/hunting property on Little Elm Creek just outside of Temple. The focal point of the property is a 4+ acre wetland/habitat, great for duck hunting. Heavy duty bridge allows for full vehicular access to the rear of the property where the wetland habitat is located. ±22 acres is planted in Sunflowers, great for dove hunting/habitat. Remainder of Acreage being a mix of Native Prairie and Heavily Wooded/Brushy Sections along Little Elm Creek, great for deer and hog hunting. There is an open section of land with scattered hardwoods near the front of the property, located outside of the flood zone, good potential for a homesite. ±260' Feet of Frontage along Little Elm Creek. ±25 acres flood zone. Flat to gently Sloping Topography with a nice 2± acre homesite near the front of the property. Water and Electric at Road. ±60' of County Maintained Paved Road Frontage along Stringtown Road. Rogers ISD. Ag Exempt.
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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 |
|---|---|---|---|
| Jul 27, 2023 | No longer available | - | |
| No longer available | |||
| Jul 6, 2023 | Price Decreased |
$628,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Feb 23, 2023 | Listed | $629,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017